Customer-led, future-focused: how HSBC and its global fund partners are building wealth solutions shaped by customers' voices
In a sentiment Pulse Check survey conducted by HSBC in early July with over 1,000 local customers, nearly 68 per cent of respondents stated they expect no change to their wealth position or even an improvement by the end of the year.
At the same time, 20 per cent are more focused on risks than growth, and only 9 per cent expect their financial position to deteriorate over the remainder of the year.
The Pulse Check revealed how affluent customers are cautiously optimistic, with a growing interest in AI, machine learning, biotechnology and health care innovation trends. Diversification and risk management also top their list of priorities this year.
These findings point to the importance of having deeper understanding of customers' evolving needs in order to come up with more relevant and resilient wealth strategies that align with their long-term life goals.
Driven by a commitment to prioritise client centricity, HSBC has launched the Fund Excellence Forum programme, a collaboration with global fund house partners who share the goal of reimagining wealth solutions for Asian customers, with an inaugural event on July 15.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
2 hours ago
- South China Morning Post
Imported workers ‘lifeline' for struggling Hong Kong restaurants: trade chiefs
Restaurant industry leaders have defended Hong Kong's labour importation scheme as a crucial 'lifeline' for their struggling sector, arguing that it injects much-needed new blood and improves service standards rather than taking jobs from local workers. They also dismissed accusations that operators were using the scheme to hire cheap labour, insisting the total cost of employing an imported worker, including accommodation and medical expenses, was higher than for a local employee. Their backing on Wednesday followed a wave of restaurant closures and concern over rising unemployment in the catering industry, which has been hit hard by a shift in consumer habits and a persistent manpower crunch since the pandemic. 'If we had been able to import labour sooner, I believe the recent wave of closures could have been avoided,' legislator Tommy Cheung Yu-yan, who represents the catering sector, said at a briefing. He argued that sufficient manpower was key to improving service and food quality, which had fallen behind competitors in the Greater Bay Area. The city's supplementary labour scheme was expanded last year to cover 26 roles, including waiters and junior chefs, in a bid to ease chronic staff shortages.
South China Morning Post
3 hours ago
- South China Morning Post
Is Philippines getting short end of US tariff stick? 19% rate slammed as ‘worst insult'
A new trade deal hailed by Philippine President Ferdinand Marcos Jnr as a 'significant achievement' has been slammed by critics at home as the 'worst insult' after Manila secured only a one percentage point tariff cut from Washington while granting American goods duty-free access. Marcos, the first Southeast Asian leader to be hosted by President Donald Trump since his return to the White House, visited the US capital from Sunday to Tuesday for a series of talks centred on trade and security. The trip came as Manila sought to defuse tensions over Trump's sweeping 'Liberation Day' tariff policy, which had initially imposed a 17 per cent duty on Philippine exports in April before increasing it to 20 per cent earlier this month. The outcome – a 19 per cent tariff rate on Philippine goods alongside zero tariffs for US exports – was unveiled by Trump on his Truth Social account after holding a joint press conference at the White House. Marcos defended the result, insisting the concession was more significant than it appeared.
South China Morning Post
4 hours ago
- South China Morning Post
China's shipbuilding lead endures, but market share dips amid US port-fee threat
China retained its leading position in the global shipbuilding market during the first half of the year, according to data from the industry association, despite a decline in market share caused by buyers' concerns over the threat of US port fees on Chinese-built vessels. It secured 68.3 per cent of new vessel orders in the global market in the first six months of the year, compared with 74.7 per cent in the same period last year, China's shipbuilding industry association said on Monday. The order volume fell by 18.2 per cent, year on year, to 44.33 million deadweight tonnes. Analysts have attributed the decline in market share to a decrease in orders for oil and LNG tankers, but still believe in China's competitive advantages. 'Shipowners are cautious about choosing shipyards for their tanker orders, given the US' prominent role in oil and LNG export,' said Wu Jialu, chief analyst at Citic Futures. Considering that the US port fee targeting Chinese-built vessels is set to take effect on October 14 , Wu said such concern could have a medium- to long-term impact on China's shipbuilding industry. The US, a major oil exporter, reached a record high in crude oil exports in 2024, exceeding an annual average of 4.1 million barrels per day, according to data from the US Energy Information Administration. It also remained the world's largest LNG exporter in 2024, exporting an average of 11.9 billion cubic feet per day, the data showed.
