- NEWS Desk Global
HSBC SAYS GROWING CHINESE WEALTH FUELS CLIENT INVESTMENTS IN US
Despite simmering tensions between the United States and China, HSBC's wealthy clients in China and Hong Kong continue to show strong interest in investing in the U.S. This sentiment is driven by China's robust economic growth relative to other nations, according to Michael Roberts, HSBC's CEO for the USA and Americas. Roberts highlighted that Chinese investors are increasingly sophisticated, with many viewing the U.S. as their primary destination for overseas investments. Despite the challenges posed by geopolitical tensions and subdued dealmaking in Asia, HSBC remains focused on catering to the wealth management needs of its clients in the region.
While some American financial firms have scaled back their operations in Asia due to these challenges, HSBC remains committed to serving its clients and facilitating cross-border investments. Despite discussions about potential sanctions on Chinese banks by the United States, HSBC does not yet have a concrete plan to implement such measures.