HSBC Private Banking’s investment service now has a feature that will let high net worth and ultra-high net worth clients connect to the latest market opportunities and access 10 financial markets: Hong Kong, mainland China, Singapore, Japan, the Philippines, Australia, UK, US, Germany, and France. Clients can buy and sell securities in these 10 markets during exchange trading hours and trade up to US$10m daily, at up to US$2m per transaction. Through the platform, customers can also directly access cash equities and Exchange Traded Funds (ETFs) from their mobile phones. It also provides them the ability to track and analyse their investments in real-time and review trade portfolios, whilst offering up-to-date quotes and price charts.
The bank expects to invest over US$100m in the next two years to build and innovate their core banking and digital platforms to meet the fast-changing wealth and lifestyle needs of HSBC clients. HSBC Private Banking has been investing considerably in our product, distribution and digital capabilities in the last two years to deliver an enhanced suite of digital products using best-of-breed technology, providing our clients with a significantly improved experience. HSBC Private Banking also aims to expand the range of products available on the online trading platform from cash equities and ETFs to more complex trades such as Listed Warrants and Callable Bull Bear Contracts (CBBC), FX Spot and Forwards, Structured Notes (ELN & FCN), non-complex Funds, Dual Currency Instruments, and Fixed Income by 2022.