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HSBC Opens Private Market Investing To Jade Clients

Editorial Staff, 23 April 2021

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The service had previously only been open to private banking and institutional clients.

HSBC is launching the new HSBC Jade Private Market Investments service to support high net worth clients, the banking group announced yesterday. The service had previously only been open to private banking and institutional clients.

Under the rollout, HSBC Jade will have a wider choice of investments, including private equity and hedge funds, primary bonds, equity block trades and private placement of structured notes.

“The new HSBC Jade service marks our commitment to offer differentiated wealth solutions to our customers. HSBC’s wealth business is an important pillar of our growth strategy in Asia, where we are planning to invest $3.5 billion and hire 5,000 wealth roles in the next five years,” said Maggie Ng, head of wealth and personal banking, Hong Kong, HSBC, said. 

Under the category of private equities and hedge funds, HSBC will connect HSBC Jade clients with potential returns from private real estate investments in global locations, as well as certain hedge funds.

The bank said that there will not be capital lock-ups or capital calls, along with a discounted initial charge of 0.95 per cent on transaction value for HSBC Jade clients. 

The HSBC Jade channel also gives clients access to the primary market for new bonds and private placements which are not typically open to the public. Clients can subscribe to private placements via online channels in “the near future”, HSBC said.

The bank said that in the second half of 2021, clients will also be able to buy blocks of equities offered by a specific listed company or its major shareholders at a discount.

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