Ian Zhou Yu's questions to HSBC Holdings PLC (HSBC) leadership • Q1 2025
Question
Ian Zhou Yu asked for examples of how major clients are reacting to tariff policies and how HSBC is helping them navigate the challenges. He also inquired about any new business opportunities that have emerged from this environment.
Answer
Georges Elhedery, an executive, explained that clients are in a 'wait-and-see' mode, slowing some investments and looking to build more resilient supply chains, but not panicking. He emphasized that in this environment, HSBC's role as a trusted partner with deep trade expertise allows it to deepen client relationships, acquire new customers, and consolidate its position as a leading trade bank by helping clients adapt.