HSBC Hong Kong Wealth Push Targets 7.5m Clients

HSBC is targeting growth in its Hong Kong customer base to 7.5 million, roughly matching the city’s population, as the bank accelerates expansion of its wealth management operations and seeks to attract more international investors.

The HSBC Hong Kong wealth strategy follows the addition of nearly two million customers during the past two years, bringing total customers to seven million at the end of 2025.

Hong Kong chief executive Maggie Ng said the city’s role as a wealth management hub, together with strong capital markets and insurance capabilities, would continue attracting mainland Chinese and global investors seeking offshore wealth solutions.

HSBC’s Hong Kong deposits rose 9% in 2025, while assets under management from new customers increased 30%.

The bank has also opened its fifth luxury wealth centre at Two IFC to support expansion among affluent and high-net-worth clients.

The HSBC Hong Kong wealth expansion reflects intensifying competition for wealth and family office business across Greater China.