Future growth: Pedestrians crossing a road outside the HSBC main building in Hong Kong. The London-based bank has outlined plans to expand in wealth management particularly in China. — AFP
HONG KONG: HSBC Holdings Plc has attracted US$9.3bil (RM39.3bil) in net new money for its private banking business in Asia during the first half, with client assets rising 25% from a year ago.
Its Asia wealth balances – which include its Premier & Jade deposits and global private banking client assets – reached a record of about US$810bil (RM3.43 trillion), accounting for nearly half of the total globally, it said in a statement.
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