HSBC’s Asia RWAs up $22.9 billion in H1
Asia accounts for 47% of total RWAs as reallocation strategy gathers steam
HSBC’s risk-weighted assets (RWAs) increased by $4.8 billion in the first half of the year, led by a $22.9 billion jump in Asia, which at $407.1 billion accounts for 47% of total RWAs. In Hong Kong alone, RWAs increased by $14.6 billion in H1.
In aggregate, RWAs hit $862 billion, the highest level since the third quarter of 2019.
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Growth in Asia came alongside cuts in other regions, reflecting chief executive officer Noel Quinn’s “move the heart of the business to Asia” strategy
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