Recently, it has been noticed that HSBC is undergoing a significant strategic adjustment. This traditional financial giant has been slimming down over the past few years, selling its retail banking operations in France and the United States, and also disposing of its UK life insurance business. Not long ago, they completed the privatization of Hang Seng Bank, which was a major move.

Interestingly, HSBC CEO Noel Quinn was asked in an interview whether they would continue to divest some of Hang Seng’s non-core assets. His response was very clear—there are no such plans. He emphasized that all of Hang Seng’s business segments are very important to HSBC and are highly valued. Noel Quinn also mentioned that there is actually significant potential for collaboration between Hang Seng and HSBC in certain specific areas, which is quite an interesting statement.

From this perspective, HSBC’s slimming strategy is selective. They are not selling everything but are focusing on certain regions and businesses. Hang Seng’s position in the Asia-Pacific market is likely a core asset they want to retain and deepen.