June newsletter
Our first wealth centres open in Mexico
We’ve opened a trio of wealth centres in Mexico – with two in Mexico City and one in Guadalajara.
We’ve also launched our Premier 3.0 proposition in the market – our first launch of 2025, following those in Hong Kong, Singapore and the UK last year.
“Premier clients want to care for and grow their wealth through a strong, trusted relationship with their bank,” said Antonio Artigues, our Executive Director for Customer Propositions and Segments in Mexico.
“Our new and exclusive Premier offering includes an innovative service model, unique to our wealth centres in Mexico – and designed to provide tailored solutions for customers.”
Some 60% of affluent customers in Mexico say that their financial knowledge is basic, according to PRM Market Intelligence 2024.
They consider face-to-face financial advice important when taking out new financial products or making investment decisions.
We’ve also opened wealth centres in mainland China, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Uruguay, and the US.
Earlier this year, we opened our first commercial wealth centre in Hong Kong (opens in new window), our first in the world, to support the growing wealth-management needs of our business customers – from the city, mainland China and beyond.
We’ve tested the global trade pulse
Two-thirds of global businesses have already experienced cost increases due to tariff and trade uncertainty, our Global Trade Pulse Survey suggests.
But optimism remains, with nearly 90% of global businesses stating that they will be able to grow internationally over the next two years.
Our survey, published in May and based on the views of more than 5,700 international firms across 13 markets, also suggests:
- Businesses expect an average decline in revenues of 18% due to supply chain delays
- 51% feel rising costs are the #1 concern for supply chain strategies
- 85% have revised or plan to revise their pricing strategy upwards
- 78% are rethinking their long-term business model
- If tariff instability continues over the next two years, 43% will rethink their international expansion strategy and 39% will shift their focus to domestic or regional markets
“The current landscape of tariffs and trade uncertainty presents significant challenges for businesses, but they are showing great resilience and adaptability in the way they operate,” said Vivek Ramachandran, our Head of Global Trade Solutions.
“Navigating this climate requires not only agility, but strong partnerships to ensure sustained growth in a shifting global economy.”
Go deeper
Explore more findings from our Global Trade Pulse survey (opens in new window).
You can also find out more about how we support businesses to grow, connect and expand into new markets on our new ‘HSBC and Trade’ page.
This page is designed for a general audience, to complement the customer landing page (opens in new window) for Global Trade Solutions on the Corporate and Institutional Banking public website.
As the world’s largest and best trade bank, we’ve been financing new ways to trade for more than 160 years.
Through our Group website, we highlight some of our key competitive advantages in serving our customers, including our trade finance offering.
A milestone for cross-border payments
We’re one of the first six banks in Hong Kong to participate in Payment Connect (opens in new window), which connects Hong Kong’s Faster Payment System (opens in new window) (FPS) and mainland China’s Internet Banking Payment System.
The initiative from the Hong Kong Monetary Authority and People’s Bank of China aims to make cross-border payments simpler and more convenient.
“With growing mobility between Hong Kong and mainland China, the demand for seamless cross-border solutions has never been greater,” said Luanne Lim, our CEO in Hong Kong.
“Payment Connect will enhance convenience and efficiency for cross-border travel, education, and daily activities, benefiting both individuals and businesses.”
We will facilitate personal and commercial customers in Hong Kong to make and receive real-time, small-value, cross-boundary HKD and RMB remittances.
This will be done through the use of recipients’ mobile numbers, account numbers or other proxies.
Don’t miss our 18 district mural stories!
As part of our 160th anniversary celebrations, we are putting up 18 colourful murals (opens in new window) that highlight our legacy and Hong Kong’s diverse districts.
Collaborating with five local artists, each mural’s design includes elements that reflect the history and characteristics of the district it’s in. A creative adaptation of HSBC’s Chinese name can also be found at the centre of each painting.
From a glow-in-the-dark mural capturing Central's lively nightlife, to a Kowloon City mural inspired by the old Kai Tak airport, we’re celebrating 160 years of rich cultural history, alongside the 18 districts in Hong Kong.
“Through the mural campaign, we aim to make art accessible to everyone, to inspire pride in the community and create meaningful connections for residents and visitors alike,” said Luanne Lim.
Technology is helping us take the campaign one step further, making the artworks accessible to anyone who is visually impaired. Each mural has a QR code, which links to an audio description of the concept and the design of each artwork.
Hong Kong residents can win an exclusive prize (opens in new window) by finding one of murals and sharing a photo on Instagram by 18 July.
Simply post your photo, tagging the @hsbc_hk account. Follow our HSBC HK Instagram page (opens in new window) and, on our designated post (opens in new window), comment on your favourite mural – and tag two of your friends to be in with a chance of winning.
Some 200 lucky participants will be randomly selected to win a limited-edition 160th anniversary Octopus card. Terms & conditions (opens in new window) apply.