HSBC Survey: Only 11% of high-net-worth individuals hold cash, and more than half expect the Hang Seng Index to rise another 5-10%.

Jin10 data March 27th, HSBC surveyed 200 high-net-worth individuals from Hong Kong and Singapore with at least $1 million in investable assets ahead of the Global Investment Summit 2025 Private Wealth Forum. The survey found that respondents remain optimistic about Hong Kong and US stocks, with more than half (55%) of the investors surveyed expecting the S&P 500 index, Hang Seng index, and Singapore Straits Times index to rise by at least 5% to 10% by the end of this year. Geopolitical uncertainty has not diminished respondents’ confidence in the North American market, with 43% viewing North America as the best market for long term investment opportunities over the next decade, followed by Asia at 28%. Nearly half (46%) of respondents will adopt multiple diversification strategies and actively switch investments, with only 11% choosing to hold cash.