1121 GMT - HSBC will benefit from Hong Kong's push to be a global leader in offshore wealth management and capital markets, KBW analysts write. Savers in mainland China are increasingly looking to invest outside the country as a result of unappealing domestic alternatives, Edward Firth and Elise Yu Ge say. The dynamic will push more of the $22 trillion Chinese domestic savings market to wealth managers including HSBC, the pair write. KBW expects HSBC to outperform revenue expectations next year. Its rating on the stock has been upgraded to outperform from market perform. Shares are up 4.3%, making it the largest riser in the FTSE 100 index. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
December 17, 2025 06:22 ET (11:22 GMT)
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