HSBC's Quinn: We Are Looking to Invest in All of Asia

HSBC's Quinn: We Are Looking to Invest in All of Asia

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Business

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The transcript discusses strong global revenue growth and financial results, highlighting a $21.7 billion PBT and a reported Rosie of 22.4%. The speaker expresses confidence in future performance, increasing Rosie guidance to mid-teens for 2023 and 2024. They announce a $0.10 interim dividend and a $2 billion buyback. The focus is on balanced investment across Asia, with opportunities in China, India, and Singapore. The wealth business has seen significant growth, with $27 billion in net new assets in Asia and $75 billion globally, driven by an investment program initiated over two years ago.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What investments are being made in Asia according to the speaker?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What evidence is provided to show the performance of the wealth business in Asia?

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