HSBC's Stevenson on Growth and Restructuring Plans

The transcript discusses a sustainable dividend policy with a focus on balancing payouts and growth. It highlights cautious optimism in Chinese markets and a strategic pivot to Asia. The company aims to reduce credit losses and manage interest rate impacts. Investment in wealth management and M&A in Asia is emphasized, alongside cost management and potential job cuts. The strategy for US and France operations is under review, with a cautious stance on Bitcoin but interest in digital currencies. Management moves to Asia are considered, reflecting the region's growing importance.

What percentage of capital is currently allocated to Asia, and what is the target for the next few years?

What is the speaker's stance on Bitcoin and stable coins?

What are the management's considerations regarding potential moves to Asia?