Awards for Distinction 2023 – Best International Private Bank – China

Best International Private Bank China


HSBC Global Private Banking

Best International Private Bank – China

Jackie Mau

Head of Global Private Banking, mainland China
HSBC Global Private Banking

We are extremely proud of being recognised as the best international private bank in mainland China for two consecutive years. This distinction underscores our leading market position in one of the world’s most prominent wealth generation hubs and reaffirms our absolute commitment to providing best-in-class wealth solutions and expertise to support our internationally-minded clients’ personal and business needs.

Backed by HSBC’s unparalleled global connectivity and deep-rooted prowess in Asia, our rapidly expanding team and footprints in mainland China place us in a strong position to serve multi-generational families and entrepreneurs for many years to come.

What was behind the judges’ decision?

  • Leveraging HSBC’s international connectivity, the Global Private Banking segment will continue to enrich its offering onshore China, including structured deposits and overseas mutual funds, as well as introduce succession planning and philanthropy services
  • To cater to the growing demand for digitalised investing and transaction banking, HSBC China is the first foreign bank to enable private banking clients to manage their wealth and investments including structured products, local funds, Qualified Domestic Institutional Investor (QDII) fund products and recognised Hong Kong funds via the bank’s mobile banking app
  • The firm also entered into an agreement to acquire Citi’s retail wealth management portfolio in mainland China. The portfolio comprises around US$3.6 billion in assets and deposits (as of August 2023), and the associated wealth customers across 11 major cities

What we said

“In May 2022, HSBC Global Private Banking embarked on a journey exploring wealth opportunities across onshore China. Despite multiple challenges brought about by the COVID-19 pandemic, HSBC has made significant inroads in China. Within more than just a year, the bank has set up dedicated teams to cater to the wealth management needs of local clients,” said Twinkle Sparta, associate editor, Asian Private Banker.

“Since launch, the bank has grown its footprint into several cities, making the bank the only foreign-funded private bank with dedicated investment counsellors and relationship managers.

“Products wise, HSBC China GPB started the distribution of private trust plans investing in hedge funds to wealthy clients in China, followed by the launch of family trust advisory services last April, seeking to diversify its product and service offerings in the country more quickly. The judging panel at APB extends its wholehearted congratulations to HSBC GPB for its success in this category.”

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