Hang Seng investment arm to merge with HSBC’s asset business, sources say
The proposed merger would mark the first business-line integration between the two banks.
HSBC plans to merge its asset management unit, HSBC Asset Management, with Hang Seng Bank's asset management arm, Hang Seng Investment Management. The merger is expected to occur after HSBC took Hang Seng private in a deal worth $13.6 billion. HSBC Asset Management manages assets worth approximately $876 billion, while Hang Seng Investment Management has assets totaling $50 billion.
Both banks have declined to comment on the proposed merger, which would mark the first integration of their business lines. The planned merger comes after HSBC launched a take-private bid for Hang Seng in October 2025, driven by the Hong Kong lender's heavy exposure to property markets and mounting bad loans.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
