HSBC Hong Kong Cross-Border Wealth Hub Tipped to Lead by 2030

HSBC Hong Kong cross-border wealth hub ambitions were reinforced by chief executive Georges Elhedery, who reaffirmed Hong Kong’s centrality to the bank’s long-term growth. He described the city as a core market and gateway between mainland China and global capital, predicting it would become the world’s largest cross-border wealth hub by 2030. Elhedery noted that HSBC has been adding around 100,000 new clients a month in Hong Kong over the past two years, highlighting the city’s strength in yuan internationalisation and its time-zone reach across Asia and the Middle East. Supporting this outlook, the Hong Kong Stock Exchange recorded 69 new listings in January–September 2025, a 53% year-on-year rise, with momentum expected to continue.