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!”