Hongkong and Shanghai Banking Corp. Ltd. (The) And HSBC Bank (China) Co. Ltd.

The group is on track for US$6 billion in investments in the Asia-Pacific region between 2021-2025, with a focus on boosting its digital capability, and to move more capital to the region. The areas of investment are wealth and personal banking, commercial banking, and global banking and markets. We anticipate HBAP will maintain its position as the largest bank in Hong Kong, established franchises across Asia-Pacific, and access to the global network of the HSBC group. We expect HBAP's ratio of nonperforming assets to gross loans to improve to 1.4%-1.6% by end-2023 from about 1.7% at end-2022. This is slightly higher than our expectation for the Hong Kong banking industry average of about 1.2% by end-2023. HBAP's credit losses will

...The Hongkong and Shanghai Banking Corp. Ltd. (HBAP) will remain the growth engine of the HSBC group. HBAP is pivotal to the group's growth given the increasing number of affluent clients and trade flow in Asia-Pacific, in our assessment. HBAP is likely to remain the main revenue and profit contributor to the group. The group is on track for US$6 billion in investments in the Asia-Pacific region between 2021-2025, with a focus on boosting its digital capability, and to move more capital to the region. The areas of investment are wealth and personal banking, commercial banking, and global banking and markets. We anticipate HBAP will maintain its position as the largest bank in Hong Kong, established franchises across Asia-Pacific, and access to the global network of the HSBC group....

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