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HSBC Envisions HK IPO Boom to Continue, Plans to Increase Workforce to Boost Mkt Shr
2026-01-30 15:50:27 After HSBC HOLDINGS (00005.HK) decided last year to exit certain operations in the UK, US, and Europe, it missed out on the IPO boom. Michael Roberts, CEO of Corporate and Institutional Banking at HSBC, told the Financial Times that the bank will endeavor to expand its market share in the Hong Kong IPO market in the future. After deciding to pull out parts of the investment banking business in the UK, US, and Europe, the group lost some talent that should not have been lost, with several senior bankers in Hong Kong having fled to competitors, Roberts stated. However, he believed this is an inevitable pain in the restructuring process. He also mentioned that HSBC has formulated an aggressive plan to expand its equity capital markets division by increasing recruitment, believing that the trend of Chinese companies listing in Hong Kong will continue. ~ AASTOCKS Financial News Website: www.aastocks.com | |