Hang Seng investment arm to merge with HSBC’s asset business: sources
HSBC makes the bulk of its profits in Asia
HSBC plans to integrate Hang Seng Bank's asset management unit into its own fund business following the bank's acquisition of Hang Seng in a US$13.6 billion deal. The merger would combine HSBC Asset Management, managing assets worth about US$876 billion, with Hang Seng Investment Management, which holds assets of US$50 billion. Both sources emphasized that the plan has not been made public yet and neither HSBC nor Hang Seng commented on the matter.
This merger would mark the first time the two banks integrate their business lines, despite HSBC's earlier promise to keep their brands separate. HSBC acquired a 63% stake in Hang Seng in October 2025, primarily due to the Hong Kong and mainland Chinese property sectors' bad loans. Hang Seng operates the Tracker Fund, Hong Kong's largest ETF following the Hang Seng Index, a key product in the Mandatory Provident Fund pension scheme in the city.
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