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Artwork for Under the Banyan Tree by HSBC Global Research

Under the Banyan Tree by HSBC Global Research

HSBC Global Research
China
Aging Population
Productivity
Demographics
Semiconductors
India
Economic Structure
GDP Growth
Japan
Korea
Corporate Governance
Commodities
Healthcare
Education
Nvidia
Electric Vehicles
Asian Markets
Geopolitics
a-Share Market
Asia-Middle East Trade

HSBC's Fred Neumann and Herald van der Linde break down the key drivers shaping economies and equity markets across Asia. Subscribe now.

For more from HSBC Global Research,

email us at AskResearch@hsbc.com.

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Artwork for Under the Banyan Tree by HSBC Global Research

Latest Episodes

In our final episode of the year, Herald and Fred reflect on what surprised them most across Asian markets and economics in 2025.

For more content from HSBC Global Investment Research, follow us on LinkedIn: #HSBCResearch. And don't forget to follow... more

Fred's got his hands on Herald's latest compilation of quirky facts and stats. From giant shopping malls to a company you've probably never heard of outperforming Google, this episode's for anyone looking to flex some knowledge at holiday parties.

F... more

Herald turns interviewer this week and Fred's in the spotlight, as our co-hosts discuss trade, consumption, central bank action and more across Asia in 2026.

For more content from HSBC Global Investment Research, follow us on LinkedIn: #HSBCResearch... more

Dr Murat Ulgen joins Herald and Fred to talk AI, US outflows and Asia's influence over global emerging markets, all in the context of EM's outperformance in 2025.

For more content from HSBC Global Investment Research, follow us on LinkedIn: #HSBCRes... more

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Recent Guests

Dr. Murat Ulgen
Global Head of Macro Strategy and emerging market expert
HSBC
Episode: EM, Asia and the grown-ups in the room
Erwan Rambourg
Global head of luxury and consumer research at HSBC
HSBC
Episode: Luxury unboxed with Erwan Rambourg
James Steel
New York-based precious metals analyst
HSBC
Episode: Asia needs gold and gold needs Asia
Aris Dacanay
Asean economist and regular guest expert.
HSBC
Episode: ASEAN’s tariff advantage
Prerna Garg
Asia equity strategist at HSBC Global Research
HSBC Global Research
Episode: What to do with the world’s largest cash pile
Paul Bloxham
Chief Economist for Global Commodities
HSBC
Episode: A lot to unpack in global commodities
Joy Wang
Head of ASEAN Equity Research
HSBC
Episode: Live from Singapore
Joey Chew
Leads the FX research team
HSBC
Episode: Live from Singapore
Pranjul Bhandari
Chief Economist for India and Indonesia
HSBC
Episode: Live from Singapore

Hosts

Fred Neumann
Chief Asia Economist
Herald van der Linde
Head of Asian Equity Strategy

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Talking Points

Recent interactions between the hosts and their guests.

Fred's economics outlook for 2026
Q: How does Japan's economy differ from the rest of Asia?
Japan is experiencing tight labor markets driving wage increases and inflation, positioning it for potential interest rate hikes, contrasting with other Asian economies.
Fred's economics outlook for 2026
Q: What is happening in Indonesia's economy?
Indonesia's economy is domestically focused but consumer spending has been sluggish, prompting a shift towards policies that help households directly with spending.
Fred's economics outlook for 2026
Q: What is the growth outlook for India?
India shows a K-shaped recovery, with strong overall growth but significant disparities within sectors, particularly rural areas suffering more than urban sectors.
Fred's economics outlook for 2026
Q: What can you say about the economic situation in China?
China's exports are at record levels, but domestic consumer spending is lagging behind due to issues in the real estate market and labor market instability.
Fred's economics outlook for 2026
Q: What are the implications of the K-shaped recovery for consumption and investment?
The K-shaped recovery indicates that while higher-end consumers are performing well, lower-end consumers are struggling, leading to divergent spending patterns in the economy.

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Frequently Asked Questions About This Podcast

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Focused on the economic landscape of Asia, discussions primarily revolve around macroeconomic trends, equity markets, and the implications of geopolitical factors. The content reflects on various sectors such as luxury goods, commodities, and technology, with special attention given to countries like China, India, and several Southeast Asian nations. Notably, topics like the impact of AI on investment strategies, the uniqueness of local market dynamics, and the evolving relationships in luxury consumption are frequently explored. The format often includes expert insights and analyses from leaders in economics and finance, making it appealing to listeners interested in in-depth market evaluations and future economic trajectories.

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These podcasts share a similar audience with this podcast:

1. The Macro Brief by HSBC Global Research
2. Big Take Asia
3. At Any Rate
4. The Markets
5. Making Sense

How many episodes of this podcast are there?

this podcast launched 2 years ago and published 113 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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Recent guests on this podcast include:

1. Dr. Murat Ulgen
2. Erwan Rambourg
3. James Steel
4. Aris Dacanay
5. Prerna Garg
6. Paul Bloxham
7. Joy Wang
8. Joey Chew

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