[Hong Kong Media: HSBC Suspends Independent Asset Management Business in Hong Kong and Singapore] HSBC Holdings stated that due to business strategy considerations, its global private banking division has decided to suspend independent asset management business in Hong Kong and Singapore. The bank will continue to provide wealth management services for single family and multi family clients. HSBC stated that it will do its best to assist affected customers. According to insiders, due to risk considerations, HSBC will terminate its cooperation with the Hong Kong family office.