HSBC Reportedly Intends to Further Explore Indian Affluent Diaspora Mkt

　　HSBC HOLDINGS (00005.HK) +0.250 (+0.366%) Short selling $64.26M; Ratio 23.972% is testing a series of new products and services in an attempt to seize more business from India's wealthy expatriates, Bloomberg quoted people with the knowledge of the matter as reporting.

　　Last year, India's wealthy expatriates remitted more than US$100 billion to the country. HSBC reportedly plans to offer USD-denominated products to non-residents from Gujarat International Finance Tec-City (GIFT City), which may include savings accounts, insurance, fixed income and other investment products.

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　　HSBC also opened a virtual experience center for non-residents in Metaverse this month, report told. Customers can access the virtual world through VR headsets or QR codes on their smartphones. Customers can have their own virtual avatar and explore credit cards, banking products and investments.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-28 12:25.)

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