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.