Sumeet Chatterjee
Stories by Sumeet Chatterjee
China’s rich to favour other offshore wealth bases over Hong Kong
More than half of Hong Kong's estimated private wealth of over $1 trillion is from mainland individuals.
HSBC sees double-digit wealth asset growth in Asia by 2023
The lender announced the merger of its global private banking and retail wealth businesses in February.
HSBC to buy out its China life insurance JV partner’s 50% stake
The move will allow London-headquartered HSBC to further expand its footprint in China.
HSBC cuts top investment bank jobs despite wider firing freeze
HSBC's twin homes of Britain and China have been particularly hard hit by the pandemic.
HSBC Hong Kong asset management units fined $450,000
Hong Kong's markets regulator has fined two HSBC units for regulatory breaches.
HSBC shareholders in Hong Kong mull legal action after bank scraps dividend
Hong Kong is HSBC's single most important market, and it is one of three note issuing banks there.
Asian wealth managers see increased client trading while COVID-19 hits new business
Inflows of funds from new customers in January and February have fallen 10% to 20% in the region.
HK’s Bank of East Asia to review assets, pausing legal battle with Elliott
US hedge fund Elliott has an 8% stake in Bank of East Asia.
Nomura enters into equity trading, research pact with Indonesia’s Verdhana
Verdhana will provide Nomura with research coverage on more than 50 local stocks.
JPMorgan names veteran Filippo Gori as new Asia Pacific chief executive
Gori will take up the new role in addition to his current responsibilities as head of banking in Asia Pacific and Hong Kong chief executive.
