The bank's shares climbed as it beat analysts' expectations despite facing a commercial real estate charge of $700m in Hong Kong. Chairman Brendan Nelson is confident of growth in Asia this year.
The HSBC AI Markets platform, which provides proprietary natural language processing and advanced analytics, is helping clients from corporates to financial institutions to investors drive better, faster and more informed decision-making, explains HSBC’s Rahul Badhwar.
The digital bank, which has operations in China, Hong Kong and Indonesia, is looking at M&A opportunities and developing artificial intelligence agents, with the debt and equity fundraise.
As Hong Kong's primary debt market continues to be attractive, underwriters said the bond will provide a reliable benchmark for future HKD-denominated offerings.
The offerings attracted public sector institutions, banks, asset managers, corporates and private banks, with particularly strong participation from Asia.