Latest news with #HSBCHongKong
South China Morning Post
27-03-2025
- Business
- South China Morning Post
Investors bank on more AI-driven stock upside in Hong Kong, Singapore, US: HSBC survey
Major stock benchmarks in Hong Kong, Singapore and the US have upside potential in 2025 as breakthroughs in artificial intelligence (AI) create big opportunities, according to HSBC's survey of wealthy investors in the two Asian financial hubs. Advertisement Some 55 per cent of the respondents said the Hang Seng Index, the Straits Times Index and the S&P 500 Index could advance by 5 to 10 per cent by year end, the bank said in a statement on Thursday, in conjunction with its Global Investment Summit in Hong Kong. About 44 per cent of high-net-worth individuals expected advancements in AI and technology to create 'significant investment opportunities' this year. Conversely, 47 per cent of them identified technological disruptions as the leading investment risk, HSBC said. HSBC engaged Ipsos to conduct an online survey of 200 high-net-worth investors in Hong Kong and Singapore with at least US$1 million (HK$7.77 million) of investible assets from February 27 to March 10. Maggie Ng Yuk-yu, head of wealth and personal banking at HSBC Hong Kong. Photo: Xiaomei Chen 'AI is a game-changer for businesses, enhancing efficiency, productivity, and decision-making while reducing human error,' said Maggie Ng Yuk-yu, head of wealth and personal banking at HSBC Hong Kong. 'However, AI adoption needs to address challenges, such as trust issues, talent shortages and corporate culture pushback.' Advertisement
South China Morning Post
04-03-2025
- Business
- South China Morning Post
HSBC celebrates 160 years in Hong Kong with display of the bank's heritage and innovation
HSBC marked its 160th anniversary with a vibrant celebration at its famous Hong Kong headquarters at 1 Queen's Road Central, the same address where the bank first opened its doors on March 3, 1865. This landmark occasion not only honoured the bank's rich heritage, but also highlighted its ongoing evolution as a cornerstone of Hong Kong's financial landscape. Advertisement The anniversary celebration started with Luanne Lim, CEO of HSBC Hong Kong, sharing muffins with bank staff. The muffins were handmade by iBakery, a social enterprise that supports the development of individuals with disabilities. Staff also enjoyed a unique lion dance and drum performance that unfolded across several levels of the Main Building's atrium, which included the lions, sporting LED lights, performing a routine choreographed to a pop song. Luanne Lim (centre), CEO of HSBC Hong Kong, along with David Liao (left) and Surendra Rosha, the bank's co-CEOs for Asia and Middle East, officiated the anniversary celebration featuring the 'HSBC 160 Years of Great Stories' thematic installations. Also included in the celebration was the unveiling of a special 160th anniversary Rube Goldberg machine, which artistically illustrates HSBC's journey from its founding to the present day. The installation, located on the ground-floor plaza of the HSBC Main Building, was created exclusively to mark this anniversary. This innovative display serves as a time machine, offering viewers a glimpse into the bank's growth over the past 160 years in about 160 seconds. The installation showcases HSBC's deep roots in Hong Kong while also looking towards the future, highlighting key milestones in the bank's history such as the origins of the hexagonal logo and the transformation of digital services. (From left) Liao, Lim and Rosha enjoyed a celebratory lion dance in the atrium of HSBC's Hong Kong headquarters. From March 4, members of the public will have the opportunity to engage with the machine, in addition to viewing the installations of a giant birthday cake and a neon-light time tunnel that symbolise HSBC's past and present. Advertisement
