# HSBC Global Asset Management (Hong Kong) Limited

> HSBC Global Asset Management (Hong Kong) Limited is an SEC-registered investment advisory firm in Hong Kong, Hong Kong, registered since 1987, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 19, 2026.

- CRD: 105193
- Filed as: HSBC GLOBAL ASSET MANAGEMENT (HONG KONG) LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Hong Kong, Hong Kong
- Filing period: October 2026
- Form ADV filing dated: August 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105193
- AdvisorCensus page: https://advisorcensus.com/firm/hsbc-global-asset-management-hong-kong-limited-hong-kong-105193

## Quick answers

**How is HSBC Global Asset Management (Hong Kong) Limited compensated?**
On its Form ADV (Item 5.E, October 2026), HSBC Global Asset Management (Hong Kong) Limited reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is HSBC Global Asset Management (Hong Kong) Limited located?**
HSBC Global Asset Management (Hong Kong) Limited's principal office is in Hong Kong, Hong Kong, according to its Form ADV.

**Is HSBC Global Asset Management (Hong Kong) Limited registered with the SEC or a state?**
HSBC Global Asset Management (Hong Kong) Limited is an SEC-registered investment advisory firm, registered since 1987. Status as filed: Approved. CRD 105193.

**How much does HSBC Global Asset Management (Hong Kong) Limited manage?**
HSBC Global Asset Management (Hong Kong) Limited reports $149,475,491,778 in regulatory assets under management in its Form ADV filing dated August 19, 2026 (100% discretionary).

**How have HSBC Global Asset Management (Hong Kong) Limited's assets and staff changed since 2021?**
In the Form ADV data for HSBC Global Asset Management (Hong Kong) Limited: Regulatory assets under management: $92,261,607,812 in the October 2021 data and $149,475,491,778 in the October 2026 data, up 62%. Total employees: 234 in October 2021 and 309 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does HSBC Global Asset Management (Hong Kong) Limited serve?**
By number of clients on Form ADV Item 5.D: insurance companies (156); pooled investment vehicles (other than investment companies and business development companies) (88); pension and profit sharing plans (but not the plan participants or government pension plans) (28).

**Which custodians does HSBC Global Asset Management (Hong Kong) Limited use?**
HSBC Global Asset Management (Hong Kong) Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists The Hongkong and Shanghai Banking Corporation Limited (affiliated with the firm) as a custodian holding 10% or more of its separately managed account assets.

**Does HSBC Global Asset Management (Hong Kong) Limited report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.A(2) (felony charge in the past ten years), 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105193

**What changed in HSBC Global Asset Management (Hong Kong) Limited's recent Form ADV filings?**
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- The Hongkong and Shanghai Banking Corporation Limited (affiliated with the firm)

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $149,475,491,778
- Discretionary: $149,475,491,778
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 4 | $186,553,618 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 88 | $71,040,782,140 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 28 | $1,487,637,569 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 10 | $2,642,166,885 |
| Other investment advisers | 4 | $861,250,115 |
| Insurance companies | 156 | $72,733,893,360 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 5 | $523,208,091 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1987 (39 years)
- Employees: 309 total, 106 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(2): In the past ten years, has the firm or an advisory affiliate been charged with a felony?
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105193

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $92,261,607,812 | 234 | July 5, 2021 |
| October 2022 | $108,944,671,366 | 252 | March 31, 2022 |
| October 2023 | $99,014,021,834 | 265 | March 30, 2023 |
| October 2024 | $87,566,000,881 | 276 | August 1, 2024 |
| October 2025 | $128,353,360,923 | 297 | March 28, 2025 |
| October 2026 | $149,475,491,778 | 309 | August 19, 2026 |

Regulatory assets under management: $92,261,607,812 in the October 2021 data and $149,475,491,778 in the October 2026 data, up 62%.
Total employees: 234 in October 2021 and 309 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 104 to 106.
- Regulatory assets under management went from $128,353,360,923 to $149,475,491,778 (+16%).

### January 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. HSBC Global Asset Management (Hong Kong) Limited (CRD 105193): Form ADV filing data as of October 2026.