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Hong Kong led the growth for HSBC’s wealth unit in Asia, which captured US$16 billion in net new invested assets (NNIA) in the first quarter of 2025. In 1Q25, HSBC Wealth, which includes private banking, asset management, insurance, and investment distribution, reported US$2.3 billion in fee and other income, up 23% from a year ago, according to the UK lender’s…
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