HSBC Asian growth plan targets mass affluent


Bigger picture: Tucker speaks at a forum in Shanghai. The HSBC chairman says being global is how the group generates a significant portion of its revenue and is central to its whole strategy, and with South-East Asia set for further growth. — Bloomberg

SINGAPORE: London-headquartered banking group HSBC is carving out a bigger role for Singapore as a regional hub as it expands in Asia.

The city-state is earmarked to receive funds from a US$6bil (RM28bil) investment to drive its Asian growth between 2021 and 2026.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

World markets jolted, dollar dips as Trump vows tariffs on Europe over Greenland
Oil prices steady as ebbing Iranian protests lower chance of US attack
Foreign funds log second straight week of net inflows of RM716.1mil
Ringgit opens higher against greenback on better-than-expected 4Q GDP estimates
FBM KLCI slips on profit-taking as US-EU geopolitical tension escalates
Trading ideas: Binastra, Capital A, Allianz, MN, Vestland, Genting Plantations, YTL Cement, Pimpinan Ehsan, TH Plantations, Marine & General, FGV, SumiSaujana
Energy transition to propel Sarawak’s future
New tech leaves other sectors behind
If I were an ageing oil palm tree
Hurdles in DBS’ Alliance Bank bid

Others Also Read