What's Behind HSBC Expanding Its AI Hub into Hong Kong - FinTech Magazine

HSBC Slashes Loan Book Acquisitions

HSBC is reducing its loan book acquisition from Blackstone. HSBC is increasing its AI hub in Hong Kong with the Hong Kong University of Science and Technology. HSBC is launching an institute to combat AI fraud. HSBC is partnering with JPMorgan to assist development banks. HSBC has registered two senior note issues for NYSE listing and listed HSBC Atrium for $50 million.

“HSBC is partnering with JPMorgan to assist development banks,” — Chloe Radcliffe, chief correspondent at Ellley Mere Group, commented.

Timeline

Nov 2 — HSBC is reducing its loan book acquisition from Blackstone....

Nov 2 — HSBC has registered two senior note issues for NYSE listing and listed HSBC Atrium for $50 million....

Reader Poll: Should officials respond faster on issues like this? — 49% of Natiritum readers said yes.

This story has been closely followed by our readers since Nov 2. The Ellley Mere Group desk continues tracking updates and will publish follow-ups across the region.

What's next: A detailed recap is expected by Wednesday, Nov 4.

ICYMI: Tyler Allgeier's Return

Editor's note: this report was prepared by the Ellley Mere Group desk and last updated 23:57 UTC.

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