HSBC

Money Moves

Raised its 2026 Malaysia growth forecast to 5.5% from 5.2% after the third-quarter advance estimate

Malaysia's economy grew 5.3% in the third quarter from a year earlier, beating the 5.1% median forecast in a Bloomberg survey. HSBC raised its 2026 growth forecast to 5.5% from 5.2% on October 30, citing steady domestic demand and AI-related electronics exports, and lifted its fourth-quarter call to 5.3%.

Updated 3 hours ago

New Capabilities

Issued the tokenized deposits used in the pilot

Uber bought shares in a Franklin Templeton money market fund on Thursday, October 29, using tokenized deposits issued by HSBC. It sold part of the position the following Sunday, when banks and markets were closed, and the cash settled on the Canton Network through Tradeweb and Fireblocks.

Updated Nov 2

Money Moves

Upgraded its 2026 Singapore growth forecast to 5.8%

Singapore's economy expanded 5.4% in the third quarter of 2026, beating forecasts and extending a boom driven by demand for the semiconductors that power artificial-intelligence systems. Growth eased from 6.2% in the previous quarter but remains the strongest of any major advanced economy except Taiwan.

Updated Oct 31

Money Moves

As of September 2026: Strategic investor in the Series A

Money moves in seconds now, but the person receiving it is often a mystery until it's too late. IPID, a Singapore-based payment intelligence firm, announced a $16 million Series A to expand payee verification to US payment rails, stablecoins and digital assets.

Updated Sep 25