Daily FX Focus - Wealth - Insights | HSBC China (2024)

Important Information for Customers:

WARNING: THE CONTENTS OF THIS DOCUMENT HAVE NOT BEEN REVIEWED BY ANY REGULATORY AUTHORITY IN HONG KONG OR ANY OTHER JURISDICTION. YOU ARE ADVISED TO EXERCISE CAUTION IN RELATION TO THE INVESTMENT AND THIS DOCUMENT. IF YOU ARE IN DOUBT ABOUT ANY OF THE CONTENTS OF THIS DOCUMENT, YOU SHOULD OBTAIN INDEPENDENT PROFESSIONAL ADVICE.

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Some of the information in this document is derived from third party sources as specified at the relevant places where such information is set out. The Bank believes such information to be reliable but it has not independently verified. We do not undertake any obligation to issue any further publications to you or update the contents of this document and such contents are subject to changes at any time without notice. They are expressed solely as general market information and/or commentary for general information purposes only and do not constitute investment advice or recommendation to buy or sell investments or guarantee of returns. The Bank has not been involved in the preparation of such information and opinion. The Bank makes no guarantee, representation or warranty and accepts no responsibility for the accuracy and/or completeness of the information and/or opinions contained in this document, including any third party information obtained fromsources it believes to be reliable but which has not been independently verified. In no event will the Bank or HSBC Group be liable for any damages, losses or liabilities including without limitation, direct or indirect, special, incidental, consequential damages, losses or liabilities, in connection with your use of this document or your reliance on or use or inability to use the information contained in this document.

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The information contained within this document has not been reviewed in the light of your personal circ*mstances. Please note that this information is neither intended to aid in decision making for legal, financial or other consulting questions, nor should it be the basis of any investment or other decisions. You should carefully consider whether any investment views and investment products are appropriate in view of your investment experience, objectives, financial resources and relevant circ*mstances. The investment decision is yours but you should not invest in any product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives. The relevant product offering documents should be read for further details.

Some of the statements contained in this document may be considered forward-looking statements which provide current expectations or forecasts of future events. Such forward looking statements are not guarantees of future performance or events and involve risks and uncertainties. Such statements do not represent any one investment and are used for illustration purpose only. Customers are reminded that there can be no assurance that economic conditions described herein will remain in the future. Actual results may differ materially from those described in such forward-looking statements as a result of various factors. We can give no assurance that those expectations reflected in those forward-looking statements will prove to have been correct or come to fruition, and you are cautioned not to place undue reliance on such statements. We do not undertake any obligation to update the forward-looking statements contained herein, whether as a result of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in the forward-looking statements.

Investment involves risk. It is important to note that the capital value of investments and the income from them may go down as well as up and may become valueless and investors may not get back the amount originally invested. Past performance contained in this document is not a reliable indicator of future performance whilst any forecasts, projections and simulations contained herein should not be relied upon as an indication of future results. Past performance information may be out of date. For up-to-date information, please contact your Relationship Manager.

Investment in any market may be extremely volatile and subject to sudden fluctuations of varying magnitude due to a wide range of direct and indirect influences. Such characteristics can lead to considerable losses being incurred by those exposed to such markets. If an investment is withdrawn or terminated early, it may not return the full amount invested.

Copyright © The Hongkong and Shanghai Banking Corporation Limited 2024. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of The Hongkong and Shanghai Banking Corporation Limited.

Issued by The Hongkong and Shanghai Banking Corporation Limited

Daily FX Focus - Wealth - Insights | HSBC China (2024)

FAQs

Who owns HSBC China? ›

HSBC Bank (China)
Shanghai IFC complex in Pudong, with the north tower (right) hosting the head office of HSBC Bank China since 2010
Key peopleVincent Cheng (Chairman) Mark Wang (President and CEO)
ProductsFinancial services
Number of employees5,500
ParentThe Hongkong and Shanghai Banking Corporation
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How exposed is HSBC to China? ›

HSBC's exposure to China's lingering property and economic crises could also heap pressure on Elhedery, who in February announced that the bank had taken a shock $3bn impairment on its exposure to the Chinese lender BoCom.

Is HSBC a Chinese bank? ›

HSBC Holdings plc (Chinese: 滙豐; acronym from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.

What is the market share of HSBC in China? ›

share of HSBC(China). As of the end of June 2020, the bank had a loan market share of 0.16% and deposit market share of 0.14% in China. Note: SCB (China) - Standard Chartered Bank (China) Limited, BEA (China) - Bank of East Asia (China) Limited, SMBC (China) - Sumitomo Mitsui Banking Corporation (China) Limited.

Does HSBC own US bank? ›

HSBC Bank USA, National Association, an American subsidiary of the British banking group HSBC, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia (as designated on its charter).

Who are the top 3 shareholders of HSBC? ›

The company's business lines include wealth and personal banking, commercial banking, and global banking and markets. Texas-based Dimensional Fund Advisors is the largest institutional shareholder of HSBC. Morgan Stanley and Goldman Sachs round out the top three largest institutional shareholders of HSBC.

What was HSBC biggest scandal? ›

Key Takeaways. In 2012, U.S. federal regulators hit HSBC Holdings with a $1.9 billion fine, along with $665 million in civil penalties, for significant lapses in its compliance and anti-money laundering (AML) systems. HSBC laundered over $881 million for Mexico's Sinaloa and Colombia's Norte del Valle drug cartels.

Is HSBC in trouble today? ›

User reports indicate no current problems at HSBC

Clients can access their HSBC accounts through online banking and mobile banking apps.

Why is HSBC falling? ›

Shares of HSBC Holdings fell over 3% in Hong Kong on Friday after reports that its top shareholder Ping An Insurance might be looking to cut its stake in the British bank.

Is HSBC US closing? ›

HSBC Holdings plc ('HSBC') today announces that it will exit its US domestic mass market retail banking business through several transactions, pending regulatory approval. They include: Exiting 90 branches out of a current branch network of 148 branches.

How safe is HSBC Bank? ›

Is HSBC Bank safe? HSBC actively works to protect its customers' money and personal information. Methods of protection include encryption technology, secure messaging, anti-fraud measures, network firewalls, digital certificates and identity authentication.

Does HSBC have branches in the USA? ›

It serves customers from offices and branches in cities across the United States including New York, Los Angeles, Chicago, Atlanta, Houston, Seattle, Miami, San Francisco, and Washington, DC.

Who is the largest investor in HSBC? ›

Shareholders: HSBC HOLDINGS
NameEquities%
Ping An Asset Management Co., Ltd. 8.940 %1,655,479,5318.940 %
The Vanguard Group, Inc. 3.743 %693,086,0003.743 %
BlackRock Investment Management (UK) Ltd. 3.533 %654,316,7683.533 %
Norges Bank Investment Management 3.226 %597,320,5323.226 %
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Who is HSBC owned by? ›

HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is a wholly owned subsidiary of the global HSBC banking and financial group, which has been headquartered in London since 1993.

Who is the parent company of HSBC Bank? ›

Read more about our structure, including our major entities and holding companies. Our principal holding company, HSBC Holdings plc, is a public limited company incorporated in England. Headquartered in London, HSBC is listed on the London, Hong Kong, New York and Bermuda stock exchanges.

Who bought out HSBC Bank? ›

Citizens Financial Group Closes Acquisition of HSBC East Coast Branches and National Online Deposit Business – Citizens Bank.

Who is Bank of China owned by? ›

The Bank of China (BOC; Chinese: 中国银行; pinyin: Zhōngguó Yínháng; Portuguese: Banco da China) is a Chinese majority owned commercial bank headquartered in Beijing and one of the largest banks in the world.

Which banks are Chinese owned? ›

List of Overseas Chinese Banks in the United States
  • Abacus Federal Savings Bank.
  • American First National Bank.
  • American Continental Bank.
  • American Plus Bank.
  • American Premier Bank.
  • Asia Bank N.A.
  • Asian Pacific National Bank.
  • Asiana Capital.

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