In a world full of connections, we help you make the right ones Insights Insights Open link to Wealth Insights hub Get the latest HSBC Private Bank views with exclusive analysis and insight Our latest report Our latest report Open link to Global Entrepreneurial Wealth Report Remember to stay alert and watch out for phishing SMSes, emails and fraudulent websites. We would never send any SMS or email with a link requesting you to log on to HSBC Online Banking. We have further strengthened our security measures to protect customers. To learn more, please visit this important notice . How we help you make the right connection? Leveraging HSBC’s global network Expertise in investment and credit solutions Multigenerational wealth management Investing Services Solutions for your business, investments and lifestyle. Wealth planning Creating the future you want for your family and legacy. Bespoke Financing We understand how to value assets and how to lend against them. Unleashing the Fire Horse: Mainland China’s Growing Global Imprint In a market shaped by strong business optimism and a tech-led shift, what’s driving mainland China entrepreneurs’ confident outlook on growth and global expansion? Download our latest report to get an in-depth view based on survey data and expert views. Planning for the future Expertise and insight to help you plan your wealth for the future Whether you’re looking to branch out into new financial ventures, build a long term wealth plan or simply unsure on who you need to include in the conversation, HSBC Private Bank is the partner to help you find the right path for you. Passing on your business Where to begin when passing your family business to the next generation

Our wealth planning specialists are adept at helping you to consider the practical and emotional aspects of succession, giving you confidence that you’re leaving the family business in safe hands. Selling your business Where to start when you are considering selling your business Selling a business is more than a transaction. Explore Private Bank insights to help define your path to a successful exit. Harmony through succession planning How prepared are Asian family-owned businesses for the future of their businesses and their wealth? What next after you exit your business Explore our Private Bank insights to help navigate your next move after the exit of your business Latest Insights Q4 2026 Investment Outlook: AI–celeration Volatility remains a feature, but the market’s “bounceability” reflects deeper resilience. Governments and companies are diversifying energy sources, reshaping supply chains and investing in electricity generation and grids, while workers adapt and firms innovate with AI. As these shifts take hold and AI moves from adoption towards monetisation, earnings momentum should broaden. We take a broad multi-asset approach—combining growth, attractive income and diversification across equities, quality bonds and select alternatives. Monthly View - October 2026 Read the latest Monthly Views by our Global Chief Investment Officer Willem Sels as he discusses the latest market development and our asset allocation changes. Think Wealth CIO Exchange with Torsten Slok and Willem Sels In Episode 4 of Think Wealth CIO Exchange, Willem Sels and Torsten Slok set the macro numbers against what Apollo sees inside the companies it owns. As AI monetisation improves, the evidence broadens beyond the largest technology companies and beyond the US, into other regions and sectors. Credit still flows despite higher interest costs, and with bonds not diversifying enough, private credit, infrastructure, hedge funds and private equity take a larger role. Legal information This is a marketing communication from HSBC Private Bank , which is the main private bank business within the HSBC Group. Private banking services are delivered by various HSBC companies around the world, depending on local laws and regulations. The services described in this document may be provided by different HSBC entities, and members of the HSBC Group may also trade in the products mentioned here. This document is not independent investment research under the European Markets in Financial Instruments Directive (‘MiFID’) or other relevant regulations and is not subject to restrictions on dealing ahead of its distribution. This means HSBC and its staff may have an interest in the products or services mentioned before this document is shared with you. The information in this document is for general information only and is intended for HSBC Private Bank clients. It does not constitute, and should not be construed as, legal, tax or investment advice, or a solicitation, offer, or recommendation to buy or sell any financial products or services. Some HSBC offices may act only as representatives of HSBC Private Bank and are not permitted to sell products, provide services, or offer advice to customers. Not all products or services are available in all jurisdictions. For a complete list of HSBC Private Bank entities and their regulatory status, please visit our HSBC Private Bank website. Before proceeding, please refer to the full long macro disclaimer and the Terms and Conditions available at HSBC Private Bank website which provide further important information about the use of this material. © Copyright HSBC. All rights reserved. Connect with us