Skip to content
Subscriber Only

HSBC Lures $9.3 Billion in Private Banking Inflows in Asia

  • Asia wealth balances hit record high of $810 billion
  • Private bank client assets in Asia rose 25% to $193 billion
Updated on

HSBC Holdings Plc attracted $9.3 billion in net new money for its private banking business in Asia during the first half, with client assets rising 25% from a year ago.

Its Asia wealth balances -- which include its Premier & Jade deposits and global private banking client assets -- reached a record of about $810 billion, accounting for nearly half of the total globally, it said in a statement.