By Crystal Hsu / Staff reporter
HSBC Holdings PLC is stepping up investment in Taiwan’s wealth management business, as an artificial intelligence (AI)-driven surge in corporate fortunes and an impending generational transfer of family wealth reshape the market into one of Asia’s fastest-growing wealth management centers.The bank sees Taiwan’s expanding affluent population — anchored in its pivotal role in global technology supply chains — as a multiyear opportunity for wealth managers capable of serving clients whose financial needs increasingly span borders, asset classes and generations.“Taiwan is one of HSBC’s core wealth markets, and we’re highly confident in its performance and market outlook,” said Zhang Kai (張凱), Head of International Wealth and Premier Banking for Asia, in an interview with the Taipei Times on June 3 after joining the annual HSBC Taiwan Conference held in Taipei.
Zhang Kai, Head of International Wealth and Premier Banking for Asia at HSBC Holdings PLC, is pictured in an undated photograph.
Photo courtesy of HSBC Bank (Taiwan) Ltd
She pointed to a rising cohort of entrepreneurs, technology executives and business owners whose fortunes have been boosted by surging demand for semiconductors and AI infrastructure, as well as sustained gains in equity markets.The expansion of Taiwan’s wealth market comes amid a broader global surge in private wealth creation. Boston Consulting Group’s 2026 Global Wealth Report forecasts that more than US$124 trillion in new wealth is expected to be generated globally between 2025 and 2030, with over one-third originating from Asia.
