HSBC HK & Taiwan issuance soars as focus shifts to Asia

HSBC has raised its non-flow structured product issuance by 64.4% and 7.3x to 2,506 and 517 products in Hong Kong SAR and Taiwan in 2020 year-on-year (YoY), respectively, as it plans to invest US$4.3 billion in Asia over the next five years. SRP data suggests that the bank’s decision to move its structured products business from UK to Asia , announced in early 2020, is in process. We have a bold but achievable ambition, to be Asia’s leading wealth management provider by 2025