Latest news with #HSBCGlobalPrivateBanking
CNBC
01-07-2025
- Business
- CNBC
Market doesn't seem worried about budget deficit in Trump's bill, says Bespoke's Paul Hickey
Paul Hickey, Bespoke Investment Group co-founder, and Jose Rasco, HSBC Global Private Banking, joins 'Closing Bell Overtime' to talk the day's market action.
News18
17-06-2025
- Business
- News18
Israel-Iran War: 'Investors Should Develop Portfolios Resilient To Political Surprises', Says HSBC
Last Updated: HSBC Global Private Banking advises building resilient portfolios amid market volatility, focusing on diversified equity, AI opportunities, risk mitigation, and Asia's growth. Investors should develop portfolios that are resilient to political and market surprises to navigate the uncertain economic climate, HSBC Global Private Banking has recommended to its high net worth and ultra-high net worth clients. The ongoing Israel-Iran war has dampened investors' sentiments amid rising crude oil prices. In its latest 'Investment Outlook, Charting through Turbulence with Resilient Portfolios', the bank set out how investors should continue to expect the unexpected, even after the roller-coaster ride in the markets so far this year. With the high volume of US policy announcements, investors are likely to continue seeing two-way market volatility. It, however, said there remain plenty of opportunities around the world. As valuations on many asset classes are now more attractive than just a few months ago, the bank said investors should look at quality stocks and bonds, areas with policy support and opportunities supported by structural trends. It concluded building a resilient portfolio that can tap into longer-term opportunities while managing short-term volatility is the way to go. 'India's Economic Resilience Sets Stage For Promising Second Half' India's economic resilience, underpinned by strong domestic consumption, favorable trade dynamics, and accommodative monetary policy, sets the stage for a promising second half of 2025, said HSBC Global Private Banking. 'We retain our mild overweight stance on Indian equities and Indian local currency bonds. Within equities, we prefer large-cap stocks and favour more domestically oriented sectors and favour the financials, healthcare and industrial sectors," HSBC said. Willem Sels, global chief investment officer at HSBC Global Private Banking and Premier Wealth, said, 'While we expect to see lower US growth this year, the economy should not slide into recession or stagflation. Earnings growth expectations have already been reduced, and valuations are reasonable at around historical averages." Cheuk Wan Fan, chief investment officer for Asia at HSBC Global Private Banking and Premier Wealth, said, 'Reduced tail risks of US-China tariff escalation should help stabilise business sentiment and investor confidence in Asia. But given the outcomes of trade talks remain uncertain, we expect Asian policymakers will continue to provide further monetary and fiscal stimulus to boost domestic consumption. We favour domestically oriented sectors and quality industry leaders, including China's innovation champions, Asian high dividend stocks and high-quality Asian credit." James Cheo, chief investment officer for South East Asia & India at HSBC Global Private Banking and Premier Wealth, said, 'While we acknowledge the elevated global uncertainty, we expect India's GDP to grow at 6.2% in 2025 making it the fastest growing major economy. We are overweight on Indian equities as we see signs of turnaround in earnings trajectory, robust GDP growth and superior RoEs offsetting valuation concerns. Resilient domestic investor-base, and recent foreign investor flows point towards supportive technicals."
Economic Times
09-06-2025
- Business
- Economic Times
Only 7% Indian heirs want to join family businesses: HSBC report
Most want to pass the baton to kin Inter-generational wealth transfer in India Financial advice, risk mitigation, wealth management are being integrated into this process. Many businesses, established in the 1990s following economic liberalisation, have second-generation entrepreneurs educated abroad and raised in cosmopolitan settings. Multi-generational family businesses accord a high value to extended family and kinship, with some thriving for over a century. Entrepreneurs who are hesitant to seek support from older generations Live Events Among Indian entrepreneurs... This is despite the optimism displayed by their predecessors, most of whom plan to pass on their businesses to family members, claims a recent report by the HSBC Global Private Banking . The study also explores the succession preparedness of family-owned businesses across India and Asia. Business owners all over the world have different succession plans. While some prefer to sell their businesses, most entrepreneurs intend to pass it on to a family businesses in the country are taking a proactive approach towards transition of wealth and succession heirs feel obligated to join the family business Next-gen Indians who felt confident about pursuing other interests when they first took over the family wealth transfer expected within Asia Pacific from 2023 to 2030, according to McKinsey, with ultra-high networth individuals (UNHIs) accounting for 60%.is the contribution of familyowned businesses to India's GDP, one of the highest ratios (US $) in India in 2024, up 29% year-on-year, as per Hurun data, of to receive $1.5 trillion intergenerational wealth, which is more than one-third of India's Global Private Banking 'Family-owned businesses in Asia: Harmony through succession planning 2025' report. The research was conducted by Ipsos UK on behalf of HSBC among 1,798 high net-worth business owners with at least $2 million investible assets. It was conducted online in mainland China, France, Hong Kong, India, Singapore, Switzerland, Taiwan, UAE, UK and the US.
Time of India
09-06-2025
- Business
- Time of India
Only 7% Indian heirs want to join family businesses: HSBC report
This is despite the optimism displayed by their predecessors, most of whom plan to pass on their businesses to family members, claims a recent report by the HSBC Global Private Banking . The study also explores the succession preparedness of family-owned businesses across India and Asia. Most want to pass the baton to kin Business owners all over the world have different succession plans. While some prefer to sell their businesses, most entrepreneurs intend to pass it on to a family member. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Semua yang Perlu Anda Ketahui Tentang Limfoma Limfoma Pelajari Undo Inter-generational wealth transfer in India Family-owned businesses in the country are taking a proactive approach towards transition of wealth and succession planning. Financial advice, risk mitigation, wealth management are being integrated into this process. Many businesses, established in the 1990s following economic liberalisation, have second-generation entrepreneurs educated abroad and raised in cosmopolitan settings. Multi-generational family businesses accord a high value to extended family and kinship, with some thriving for over a century. Entrepreneurs who are hesitant to seek support from older generations 7% Indian heirs feel obligated to join the family business . Live Events 83% Next-gen Indians who felt confident about pursuing other interests when they first took over the family business. $5.8tn Inter-generational wealth transfer expected within Asia Pacific from 2023 to 2030, according to McKinsey, with ultra-high networth individuals (UNHIs) accounting for 60%. Among Indian entrepreneurs... ~79% is the contribution of familyowned businesses to India's GDP, one of the highest ratios globally. 334 Billionaires (US $) in India in 2024, up 29% year-on-year, as per Hurun data, of whom... ~70% set to receive $1.5 trillion intergenerational wealth, which is more than one-third of India's GDP. Source: HSBC Global Private Banking 'Family-owned businesses in Asia: Harmony through succession planning 2025' report. The research was conducted by Ipsos UK on behalf of HSBC among 1,798 high net-worth business owners with at least $2 million investible assets. It was conducted online in mainland China, France, Hong Kong, India, Singapore, Switzerland, Taiwan, UAE, UK and the US.
Indian Express
20-05-2025
- Business
- Indian Express
Succession: Kin of Indian family business owners not keen on taking reins, shows survey
A mere 7 per cent of the next generation of India's family business owners feel a sense of obligation to take the reins, indicating a significant lack of interest in succeeding their parents, says an HSBC report. This raises questions about the future leadership and succession planning for these family businesses. While 88 per cent of Indian entrepreneurs surveyed by HSBC trust the next generation's ability to manage family wealth, 45 per cent of surveyed entrepreneurs (55 per cent of first-generation and 35 per cent of multi-generation) do not expect their children taking over the family business, according to HSBC Global Private Banking's report titled 'Family-owned businesses in Asia: Harmony through succession planning' The HSBC report has highlighted the preparedness of family-owned businesses in India and across Asia for the future of their enterprise and their wealth, offering key insights into succession planning and intergenerational dynamics. HSBC said this trend highlights a shift in the traditional approach to succession planning, even as family-owned businesses continue to play a pivotal role in India's economy, contributing approximately 79 per cent of the country's gross domestic product (GDP) — one of the highest ratios globally. Interestingly, only 7 per cent of Indian respondents felt obligated to take on the family business when the business was passed on, reflecting a growing openness to exploring opportunities outside the family enterprise, it said. Kotak Mahindra Bank founder Uday Kotak had recently advised the next generation of business heirs to step into building real-world businesses and flagged concerns regarding the increasing inclination of young business heirs to run family offices and investments instead of starting businesses of their own. According to the HSBC report, this sentiment is supported by strong feelings of encouragement within multi-generational families, with 83 per cent of respondents stating they felt empowered to pursue other interests when they first took over the business. Despite this shift, the report said that 79 per cent of Indian entrepreneurs still plan to pass their businesses to family members, aligning closely with global trends (77 per cent in the UK and 76 per cent in Switzerland). Notably, Indian second- and third-generation entrepreneurs feel a strong sense of trust from their predecessors, with 95 per cent reporting they felt trusted when taking over the business — significantly higher than the global average of 81 per cent. India is on the brink of a significant intergenerational wealth transfer, it said. According to Hurun data, in 2024 India had 334 billionaires in US dollar terms with the number rising 29 per cent year-on-year. Nearly 70 per cent of the list are on the cusp of a $1.5 trillion intergenerational wealth transfer that equates to more than one-third of India's GDP. This underscores the importance of robust succession planning to ensure the seamless transition of wealth and business leadership. Sandeep Batra, head, international wealth and premier banking, HSBC India, said: 'India's family-owned businesses are balancing legacy preservation with modernity. While there is trust in the next generation to uphold the values and culture of the family business, there is also need for open communication and robust succession planning.' Longevity of Indian businesses India's family-owned businesses are unique in their longevity, with some thriving for over a century. However, many of these businesses were established in the 1990s, following the government's economic liberalisation, ushering in a generational shift. Second-generation entrepreneurs, often educated abroad and raised in cosmopolitan settings, bring new perspectives to the table. Unlike the humble beginnings of many first-generation entrepreneurs in India, the second generation has grown up in cosmopolitan urban environments. However, family-business owners do trust the ability of the next generation to maintain the values and culture of the family business, the HSBC report said. Multi-generational family businesses accord a high value to extended family and kinship. Second- and third-generation entrepreneurs in the Indian subcontinent almost unanimously acknowledge the faith that their predecessors placed in them when they took over the business. Like India, second- and third-generation entrepreneurs across the rest of Asia trust the next generation to maintain the values and culture of the family business. Of those who have succession planning in place, India has the highest percentage of entrepreneurs who intend to pass their business on to a family member, with 79 per cent intending to do so, which puts Indian business owners on a level with their counterparts in the UK (77 per cent) and Switzerland (76 per cent). However, fewer than half of the respondents in Hong Kong share this intention (44 per cent), along with just 56 per cent in mainland China and 61 per cent in Taiwan. Entrepreneurs in Asia, with the exception of India, are not planning ahead to the same degree as their counterparts elsewhere. Entrepreneurs in mainland China (25 per cent), Hong Kong (29 per cent) and Taiwan (27 per cent), plus to a slightly lesser extent Singapore (22 per cent), show the most interest in selling their business as the exit route of the 10 surveyed markets. The sector most favoured for sale globally is electronics (21 per cent), a sector in which Asia accounts for almost two-thirds of world exports.
