HSBC Qianhai Securities has launched its margin financing business for HNW and UHNW customers in mainland China.
The launch of the margin financing arm will bolster HSBC Qianhai and its wealth management services. The service also reflects the deep understanding HSBC Qianhai has of its clients’ investment needs.
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Moreover, HSBC Qianhai aims to offer the best-in-class China securities services including brokerage trading, margin financing, and investment research.
In addition, the launch of the margin financing business also marks a new chapter for HSBC in the mainland China market. It reflects HSBC Group’s ongoing commitment to expanding its market share in China onshore market and providing professional, diversified and customised services to high-net-worth and ultra-high net worth clients.
Samuel Chen, head of global private banking at HSBC Qianhai Securities, said: “We are delighted to officially launch margin financing service tailored for high-net-worth and ultra-high-net-worth clients. This launch further strengthens our capability to offer local expertise to clients with a global perspective, reaffirming our commitment to helping clients with more flexible and diversified investment strategies, to better capture local capital market opportunities.”
HSBC Holdings is set to undergo a massive restructure into four businesses to accelerate delivery against its strategic priorities.
From 1 January 2025, HSBC will operate under these arms; Hong Kong, UK, corporate and institutional banking, and international wealth and premier banking.
According to the company, these changes will reduce the duplication of processes and decision making held within the current structure.
International wealth and premier banking will bring together the premier banking focussed businesses outside of the UK and Hong Kong, the global private bank, the wealth manufacturing businesses, asset management, and insurance. It will be led by Barry O’Byrne.
The new UK arm will comprise UK “Personal Banking” (including First Direct and M&S Bank) and UK “Commercial Banking,” including Innovation Banking and will be led by Ian Stuart.
In addition, the group executive committee of 18 members will change to a new group operating committee of only 12.
