The Hongkong Bank Foundation nurtures next generation at different stages of their growth journeys
02:31
HSBC nurtures next generation at different stages of their growth HSBC nurtures next generation at different stages of their growth
Young people are our future, and it is a responsibility of society to nurture and support the next generation at different stages of their lives.
Through The Hongkong Bank Foundation, HSBC offers a range of initiatives, supported by volunteers from the bank, that are aimed at empowering young people by helping equip them with the skills, knowledge and resources they need to reach their full potential.
Instilling empathy and a sense of mission
The teenage years are an important life stage – a time that shapes one's world view, values and dreams. Anson Yung, like other 15-year-old students, is still finding his way. Besides facing academic pressure, Yung also struggles to navigate a path where his dreams might take him in the future.
He became more confident about his ambitions and talents after joining the Hong Kong government-led Strive and Rise Programme, which helps students in Form One to Four who are from underprivileged families broaden their horizons and create a brighter future.
He was paired with an HSBC volunteer, Cyrus Chu, who is a senior wealth planning consultant at the bank. 'My mentor is very passionate. He often invites me to participate in various activities and genuinely wants to help shape my future,' Yung explains. 'He is like a brother to me.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
2 days ago
- South China Morning Post
HSBC chairman Mark Tucker to return to AIA; interim replacement is Brendan Nelson
HSBC Holdings chairman Mark Tucker will return to insurer AIA Group on October 1 and be replaced on an interim basis by veteran accountant Brendan Nelson, the two companies said on Friday. In early May, Tucker, who will turn 68 in December, said he would retire from HSBC by the end of the year. He will become AIA's non-executive chairman on October 1, returning to a company that he led as CEO and president between 2010 and 2017. His last day at HSBC will be September 30. At AIA, Tucker will replace Edmund Tse Sze-wing, 87, a six-decade veteran of the largest insurer in the Asia-Pacific region. Tse will assume the title of chairman emeritus. Tse said Tucker's time at AIA was 'substantial and enduring', referring to his effort to list the insurer in Hong Kong. AIA went public in October 2010 and raised HK$159 billion (US$20.3 billion), which is the largest initial public offering in the city's history. 'I am deeply honoured and excited to be taking on the role of independent chairman of one of the world's largest insurance companies,' Tucker said. 'AIA plays a critical role in protecting the financial well-being of millions of families across Asia, enabling them to live healthier, longer, better lives.' AIA shares rose 3.3 per cent on Friday morning after Tucker's appointment was unveiled, before ending the morning session 1.8 per cent higher at HK$68.05. HSBC shares dropped 0.2 per cent to HK$92.85 at the lunch break.
South China Morning Post
4 days ago
- South China Morning Post
HSBC asset-management unit dives into private credit in Asia, with US$4 billion backing
HSBC Asset Management will launch a dedicated private-credit strategy in Asia-Pacific later this year after its parent unveiled plans to inject US$4 billion into its funds to bolster the higher-returning business. The asset management arm of Hong Kong's biggest lender aimed to use the offering to support corporate, family and private equity-backed clients across the region, according to Chris Fletcher, head of Asia-Pacific private credit. 'We are going to be very much focused on supporting performing, big-market companies,' he said during a panel discussion at the Greater China Private Equity Summit last week. The move coincided with HSBC's decision to invest the cash into its asset management arm's private-credit funds, according to a Reuters report on Monday. The bank aimed to attract additional capital from external investors to build a US$50 billion credit fund within five years, which would be invested globally, with an initial focus on direct lending in Asia and the UK, the report said. The bank declined to comment. HSBC is the latest financial institution to enter the private-credit market, drawn by attractive returns and diversification advantages. The attention on Asia also makes sense due to the region's significant growth potential compared with the more developed Western markets in non-traditional lending. 'There is a clear trend in the private-credit market, characterised by rising investments from insurance companies, family offices and sovereign wealth funds,' said Stephen Wong, an executive committee member of the Chartered Alternative Investment Analyst Association's Greater China chapter.
South China Morning Post
5 days ago
- South China Morning Post
China EVs: BYD-triggered price war raises fears of Evergrande-like liquidity crisis
China's electric vehicle (EV) makers have had a lot to contend with over the past week: slumping shares for market leader BYD, cooling sales and margins and a warning from authorities in Beijing amid a punishing price war. Advertisement BYD's Hong Kong-listed shares lost as much as 17 per cent of their market value, or HK$122.3 billion (US$15.6 billion), on Monday after falling to HK$378.20 from an all-time high of HK$477.80 on May 23. The company's shares recovered 4 per cent on Tuesday. Analysts attributed part of the decline to a weak earnings report for the most recent quarter. The Shenzhen-based firm, the world's largest maker of new energy vehicles (NEVs), delivered 382,476 units in May, a 0.6 per cent gain from April. On the mainland, which is plagued by unrelenting discounts, its May sales stalled from a year earlier and weakened 2.5 per cent from April, according to a report released on Sunday. Around a week earlier, BYD said it would reduce prices of 22 models to promote sales , which cast doubt over the earnings outlooks of China's EV makers. 'The price move reinforces BYD's strategy to favour scale over temporary per-car profitability in the domestic EV market,' HSBC analysts including Ding Yuqian said in a report last week. 'This round of seasonal promotion coincides with soft domestic demand, weak consumption sentiment and intense competition.' Advertisement Left unchecked, China's EV price war and profitability problem could nudge the industry into a China Evergrande-style liquidity crunch , said Wei Jianjun, the chairman of Great Wall Motor, last week. He was referring to the beleaguered property developer. Li Yunfei, who oversees branding and public relations at BYD, took issue with the comparison.
