The world is undergoing significant changes, from shifting demographics to the transition to clean energy. At the same time, China is under pressure to roll out fiscal stimulus to counter potential trade tensions from Trump’s aggressive policies. China’s actions could positively impact oil prices, and there’s a chance it may resume regular gold purchases. As we navigate this new normal, […]

The post HSBC GPB, Julius Baer, Deutsche Bank PB share CIO perspectives on Trump, trade and China appeared first on Asian Private Banker.

HSBC Global Private Banking (HSBC GPB) believes Asia will be a strong driving force for global GDP growth in H2 2023, with Asia’s equity and credit valuations being more attractive than its global peers. HSBC has upgraded its forecast for China’s 2023 GDP growth from 5.6% to 6.3% in consideration of China’s stronger-than-expected Q1 performance, according to Fan Cheuk Wan, […]

The post HSBC GPB expects Asia to drive global growth in H2 2023 appeared first on Asian Private Banker.

HSBC Global Private Banking (HSBC GPB) believes 2023 will be year of “looking for silver linings” and is overweight on investment-grade bonds across all regions. “Almost all asset classes have repriced substantially since the start of 2022. However, long-term expected returns have improved notably across all asset classes after the broad-based market sell-off in 2022,” according to Fan Cheuk Wan, […]

The post 2023 will offer opportunities in IG bonds and China: HSBC GPB and RBC WM appeared first on Asian Private Banker.

HSBC Global Private Banking (GPB) is launching a discretionary managed portfolio that will capture metaverse growth opportunities, becoming the first private bank in Asia to offer select private clients in the region a bespoke strategy for investing in companies within the metaverse, hailed as the next iteration of the internet. The discretionary mandate — Metaverse Discretionary Strategy — is actively […]

The post HSBC GPB rolls out first metaverse DPM for Asia clients appeared first on Asian Private Banker.

In Seoul, KB Kookmin Bank is taking the idea of building its wealth management business to new heights — literally. South Korea’s biggest retail institution is erecting a new seven-storey private-banking centre in the glitzy Gangnam area. Its futuristic design is an apt metaphor for the trajectory not just of KB, but a broader financial sector finally getting serious about […]

The post Why South Korea could be private banking’s next El Dorado appeared first on Asian Private Banker.

The metaverse has become a hot topic with more companies jumping on its bandwagon. But with growing concern about data security and privacy issues, could the metaverse turn out to be nothing more than an “overhyped” concept? DBS, Bank of Singapore and HSBC Global Private Banking have been pushing the idea of the metaverse as a key investment theme for […]

The post Metaverse is not overhyped: Patrick Ho of HSBC GPB appeared first on Asian Private Banker.

This week: HSBC GPB: More headwinds in China, but high-tech manufacturing will drive growth; DBS prefers hard commodities as hedge against inflation; Standard Chartered WM expects high-beta currencies to play out HSBC GPB: More headwinds in China, but high-tech manufacturing will drive growth HSBC Global Private Banking (GPB) is confident that China can reach a GDP growth of 5.6% this […]

The post CIO Weekly – High-tech manufacturing will be a growth engine for China: Patrick Ho of HSBC GPB appeared first on Asian Private Banker.

When a central bank unexpectedly unveils easing measures, markets often jump to one of two conclusions. One is relief that policymakers are staying on top of risks. The other is: “What do they know that we don’t?” The 6 December move by the People’s Bank of China (PBoC) — cutting the reserve requirement ratio (RRR) by 50 bps to ease […]

The post China Evergrande a reminder to private banks of danger ahead appeared first on Asian Private Banker.

Stranded in the low-rate environment, private banks have to find a way out of the diminishing returns posed by the fixed income part of the portfolio without being exposed to unnecessary risks. Higher selectivity about where to invest and more creative approaches such as private markets or gold could solve the dilemma, investment specialists contended. At Asian Private Banker‘s Income […]

The post Tackling the low yield environment with selectivity and creativity appeared first on Asian Private Banker.

Any attempts by Chinese authorities to ease up the listing of high-growth companies closer home will likely smooth over recent hiccups over private investments in mainland China, a recent favourite of U/HNWIs in the region, according to senior industry executives. In mid-July, regulators indicated to bankers that Chinese companies seeking a listing in Hong Kong or in mainland China would […]

The post Beaten down private market investments in China may catch a break appeared first on Asian Private Banker.

HSBC Private Banking is recommending that investors in 2H21 increase their allocations to cyclicals — financial services, resources and consumer discretionary sectors in particular — because such sectors perform well against the background of a potential reflation. Fan Cheuk Wan, CIO for Asia, private banking and wealth management, HSBC, shared in the 2H21 CIO outlook that as major economies are […]

The post Increase allocation to cyclicals in the face of transitory sharp inflation risks: HSBC PB appeared first on Asian Private Banker.

This week: Harvest Global Investments: Global monetary, fiscal policies will be supportive of markets; PGIM: Markets will be bumpy for the next six to 12 months; Pictet Wealth Management: Market sceptical about Fed’s inflation policy; Federated Hermes: All HY markets back to pre-crisis levels; Bank of Singapore: High growth stocks typically face valuation headwinds; Standard Chartered Wealth Management: Bullish on […]

The post CIO Weekly – Featuring Thomas Kwan of Harvest Global Investments appeared first on Asian Private Banker.

This week: Hong Kong offers a bargain for mainland Chinese investors; UBS: Cyclicals will continue to outperform as the global economic recovery broadens; Global CIO Office: Would expect Fed to back off from the extremes of monetary easing; Bank of Singapore: Expect FANG to underperform value/cyclical sectors Hong Kong offers a bargain for mainland Chinese investors Investors keen on taking […]

The post CIO Weekly – Featuring Patrick Ho of HSBC Private Banking appeared first on Asian Private Banker.

HSBC on Thursday announced that it has promoted three senior Asian executives so as to align Asia with its global structure in providing advice across the private banking and wealth management units. The London-headquartered bank named Fan Cheuk Wan as chief investment officer for Private Banking and Wealth Management in Asia; Patrick Ho as chief investment officer, North Asia, Private […]

The post HSBC promotes key executives in Asia to align with global structure appeared first on Asian Private Banker.

HSBC Private Banking has shifted its view on global equities from neutral to mildly overweight, in expectation of a staggered and U-shaped recovery with bottoming economic indicators and unprecedented monetary stimulus. As market volatility peaked in March amid a second wave of outbreaks for COVID-19, Fan Cheuk Wan, chief market strategist for Asia at HSBC Private Banking said in a […]

The post HSBC PB: Mildly overweight on global equities for 2H20, staggered and U-shaped recovery expected appeared first on Asian Private Banker.

This week: HSBC PB’s Patrick Ho: Remain defensive in US equity market despite tremendous stimulus; Citi PB: Markets likely to continue declining in Q2, rebound in Q3; UBP: Building long only exposure will soon make sense; StanChart PB: Look at four key indicators on market turnarounds; Credit Suisse: Next few weeks to play a decisive role in financial markets HSBC PB’s Patrick Ho: Remain […]

The post CIO Weekly – Featuring HSBC PB’s Patrick Ho appeared first on Asian Private Banker.

HSBC Private Banking expects a ‘lower for longer’ rate environment and ‘slower for longer’ global growth in the new decade. Its tactical asset allocation (TAA) is overweight on US and UK stocks and neutral on overall global equities. In response to the recent UK election, the bank shifted from neutral to mildly overweight on UK stock because of its attractive […]

The post HSBC PB overweight on US and UK stocks, neutral on global equities appeared first on Asian Private Banker.

HSBC Private Banking believes accommodative central banks, domestic consumption, fiscal stimulus in China, and technological disruption will continue benefiting risk assets heading into the latter half of 2019, according to its Asia and North Asia chief market strategists who today announced the bank’s top four high conviction investment ideas for the remainder of the year. 1) Asian consumption “For the […]

The post HSBC PB reveals top four investment themes for 2H19 appeared first on Asian Private Banker.

The Fed’s monetary tightening cycle is likely to peak midway through next year, which will benefit risk assets, particularly US and Asia equities, according to HSBC Private Banking. Fan Cheuk Wan, chief market strategist, Asia, at HSBC Private Banking, said in a media briefing on 17 December that rising rates, to a large extent, have caused the meltdown of traditional markets […]

The post HSBC PB’s Fan: Fed’s tightening cycle to peak mid-2019 appeared first on Asian Private Banker.

This week: HSBC PB shares its view on US equities; UBS GWM discusses A-shares following a disappointing Q3 earnings season; DBS Bank tells investors to be aware of falling oil prices; Pictet WM offers its long-term outlook for the RMB; and LGT Private Bank explains why it increased US equities exposure in its TAA. HSBC PB: More promising US outlook, especially […]

The post CIO Weekly – November 2018 Week 2 appeared first on Asian Private Banker.

HSBC Private Banking (PB) has unveiled its top four investment themes for the second half of the year, against an economic backdrop of global synchronised growth, favourable earnings momentum, and a prudent monetary tightening trajectory. Overall, the bank expects global GDP growth to register a healthy 3.0% in 2018 and 2.9% in 2019, with emerging markets and the US serving […]

The post HSBC PB unveils top four investment themes for 2H18 appeared first on Asian Private Banker.

Investors around the world have been focusing their attention on the Communist Party of China’s (CPC) 19th congress, where the party’s leaders are reflecting on progress made since 2012 and mapping out guidelines and policies for the next five years. At yesterday’s meeting, President Xi Jinping spoke of the strategic importance of achieving balanced and sustainable growth, although he did […]

The post Asia’s private banks react to CPC congress appeared first on Asian Private Banker.

HSBC Private Banking has added to its investment strategy team in Asia, with the hire of a former director of Greater China equity research at Credit Suisse Private Banking, the lender said in a statement. Patrick Ho joins HSBC Private Banking as Asia investment strategist, based in Hong Kong. Ho will support the development of investment strategies and themes in […]

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