HSBC bolsters Hong Kong offering with AI-powered equity index product

HSBC has unveiled AiPEX5, a new AI-powered equity index structured product to bolster its wealth offering in Hong Kong.

The new index is part of the AiPEX family of indices which was developed by HSBC alongside EquBot. The two companies used IBM Watson AI to scrutinise millions of data points and turn them into investment insights.

According to HSBC, the index is designed to objectively evaluate each of the 1000 largest US publicly traded companies and select those whose stock prices are poised for growth.

The index works by consuming and learning from continuously generated and publicly available data points. These points include tweets, press releases, satellite images of a shop parking lot or even the tone of language of a CEO used during an earnings presentation.

HSBC Asia Pacific head of global markets for Greater China Justin Chan said, “In an increasingly complex investment landscape where each data point could represent a potential market trend, the ability to process real-time big data has become a differentiator at times of market volatility.

“AiPEX5 simulates a team of thousands of analysts and traders working around the clock to analyse millions of information pieces and identify potential investment opportunities.”

HSBC UK recently launched a fraud awareness app to provide companies with news on emerging scams in real-time as well as tips and advice.

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