What's New In Investments, Funds? – Hang Seng Indexes Co, HSBC

Editorial Staff

24 May 2022

Hang Seng Indexes Company
has launched Online Trading for Structured Products in Asia.

This new feature enables private banking clients in Asia to trade fixed coupon notes on their mobile phones, alongside cash equities, exchange traded funds and foreign exchange, which are already available on the platform.

Support for Equity Linked Notes will be added later in 2022, HSBC said in a statement yesterday.

The bank said clients have direct access to trade-structured products via mobile with coverage for underlying stocks across eight markets including the US, Hong Kong, Singapore, UK, France, Germany, Japan and Australia.

“Currently, over 30 per cent of execution-only trades in Asia are completed online, around two-thirds of our clients are digitally engaged, and the numbers continue to grow. This shows that the digital tools and journeys we are developing are really resonating with our clients across the region,” Siew Meng Tan, regional head of HSBC Global Private Banking, Asia-Pacific, said.

HSBC Global Private Banking is investing $100 million over a two-year period to build and innovate its core banking and digital platforms. Over the past three years, the group has launched its new internet banking application, incorporating direct client communication via instant messenger “GPB Chat” and “GPB eSignature” enabling clients to sign and exchange documents electronically, using its investment knowledge and research platform “Insights & Research Portal” with personalised alerts and notifications.