HSBC China unveils wealth centre in Hangzhou

The wealth centres have an average size of 1,800 sqm, and are upgraded from traditional branches.

HSBC Bank (China) has launched a wealth centre in Hangzhou, its sixth wealth centre launched in mainland China in the past six months.

The centres have an average size of about 1,800 square meters—four times the size of HSBC China’s traditional outlets—and with four times more staff. The centres serve as wealth management hubs in their host cities and surrounding areas.

HSBC China transforms and upgrades traditional branches to create spaces and an environment that enable its relationship managers and wealth specialists to have better engagement with their clients.

HSBC China said that it plans to establish similar centres in major cities in 2025, notably Guangzhou, Nanjing, Qingdao, and Dalian.

The bank already has wealth centres in Beijing, Chengdu, Ningbo, Shanghai, Shenzhen, and Wuxi.

“Mainland China's wealth management market is important to our ambition of becoming the leading international wealth manager for affluent and high net worth clients in Asia,” said Kai Zhang, head of International Wealth and Premier Banking (IWPB), Asia, HSBC.

“The market has seen increasing demand for asset diversification, long-term wealth accumulation, and retirement planning solutions. These dynamics create exciting opportunities for domestic and international institutions to collaborate and drive industry development,” Zhang added.

Outside of mainland China, HSBC has also launched wealth centres in Hong Kong, Singapore, Taiwan, and Malaysia.