HSBC says growing Chinese wealth fuels client investments in US [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
Company Research
Source: Yahoo! Finance
China's economic growth remains strong relative to other nations, and its wealthy citizens are focused on overseas investments, Roberts told Reuters in an interview. “Chinese investors are becoming very sophisticated," he said. "For most Asian investors, the first port of call is the U.S." The bank's focus on wealth comes at a time of simmering U.S.-China tensions. Dealmaking in Asia remains subdued, prompting some American financial firms more focused on investment banking fees to cut jobs and rein in their ambitions. And the United States has preliminarily discussed sanctions on some Chinese banks but does not yet have a plan to implement such measures, a U.S. official told Reuters on Tuesday. HSBC manages around $1.8 trillion from wealthy clients, with a large portion coming from Asia. Last year, it bought Citigroup's consumer wealth business in China, adding clients, assets under management and deposits. The move came after HSBC sold more than 200 U.S. retail branches, sh
Show less
Read more
Impact Snapshot
Event Time:
HSBC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HSBC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HSBC alerts
High impacting HSBC Holdings, plc. news events
Weekly update
A roundup of the hottest topics
HSBC
News
- TD risks an earnings hit from U.S. laundering probe, analysts say [BNN Bloomberg (Canada)]BNN Bloomberg
- 3 Foreign Bank Stocks Worth a Look in a Prospering Industry [Yahoo! Finance]Yahoo! Finance
- UPDATE 1-HSBC chair says dividend outlook strong despite economic uncertainty [Yahoo! Finance]Yahoo! Finance
- Japan's yen had a rollercoaster week. Here is what happened [CNBC]CNBC
- Rupee to rise on Asia rally heading into US jobs report [Reuters]Reuters
HSBC
Sec Filings
- 5/3/24 - Form 6-K
- 5/3/24 - Form 6-K
- 5/1/24 - Form 6-K
- HSBC's page on the SEC website