Best International Private Bank – China Onshore
HSBC Private Bank
Samuel Chen
interim head of private bank, mainland China, HSBC Private Bank
Winning the Best International Private Bank – China Onshore award for the fourth consecutive year reflects our strong commitment and continuous efforts to create a differentiated ‘client-centric’ private banking service for our Chinese clients.
2025 marked a significant milestone for our strategic expansion in mainland China since 2022, a three-year journey during which we established one of the largest footprints among foreign private banks and launched several industry-first solutions tailored to local needs.
As China’s HNW individuals and entrepreneurs increasingly focus on intergenerational succession and long-term stable growth, we remain committed to becoming their most trusted wealth partner. Leveraging our wealth management experience and global networks, we will continue supporting Chinese clients in achieving sustainable wealth and family business success in an evolving financial landscape.
Winners Rationale
“HSBC Private Bank’s victory as the Best International Private Bank – China Onshore is the definitive result of a multi-year, strategic commitment to the market. At a time when several competitors have scaled back, the bank has leaned into its role as the premier international gateway for China’s UHNW entrepreneurs and families,” said Stanley Li, senior reporter at Asian Private Banker.
“In 2025, the bank achieved a landmark year, recording significant growth in AUM, revenue, and net new money. This success was driven by a disciplined expansion of its footprint and a highly differentiated suite of wealth solutions.
“A key development was the 2025 opening of a new wealth centre in Hangzhou. This hub, staffed by on-site private bankers, significantly bolsters HSBC’s regional coverage. From this strategic base, the bank has expanded its reach into the surrounding affluent cities of the Yangtze River Delta, including Suzhou, Ningbo, and Nanjing, bringing its sophisticated advisory services closer to local wealth pools.
“HSBC Private Bank has set a new benchmark for the onshore capabilities of foreign banks. It is the first international lender in China to distribute private trust plans investing in hedge funds, granting clients access to alternative strategies traditionally reserved for institutional players. Throughout 2025, the bank sharpened its focus on alternatives, empowering clients to mitigate risk and navigate market volatility with institutional-grade confidence.
“Another pivotal enhancement is HSBC Private Bank’s reinforced proposition as the bank of choice for entrepreneurs. By deepening the collaboration with its corporate and institutional banking franchises, HSBC has unlocked powerful synergies that support the global ambitions and cross-border liquidity needs of Chinese business owners.“For these reasons and more, Asian Private Banker is delighted to name HSBC Private Bank as Best International Private Bank – China Onshore. Congratulations to the team!”
