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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
India
Japan
Asia
Artificial Intelligence
Consumer Spending
ASEAN
Vietnam
United States
Economic Growth
Electric Vehicles
Korea
Hong Kong
Inflation
Tariffs
Semiconductors
GDP Growth
Thailand
Chinese Equities
Property Market

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.

Stay connected and access free to view reports and videos from HSBC Global Research follow us on LinkedIn www.linkedin.com/feed/hashtag/hsbcresearch/ or click here: www.gbm.... more

PublishesWeeklyEpisodes155Founded3 years ago
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ManagementBusiness

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Artwork for Under the Banyan Tree by HSBC Global Research

Latest Episodes

Asia Economist Justin Feng joins Fred for a deep dive into how industrial upgrades have pushed mainland Chinese production up the value chain, spurring global competition and lifting manufacturing prospects in other parts of Asia.

For more content f... more

Fred Neumann is joined by Frank Lee, our Global Head of Tech Hardware and Semiconductor Research, to learn more about the various components that go into a data centre as well as the economics behind them.

For more content from HSBC Global Investmen... more

It's well known that Asia's major economies are aging fast, but so are its smaller ones. Herald and Fred sit down with Economist Ines Lam to talk about what this means for the region.

For more content from HSBC Global Investment Research, follow us ... more

Back from the HSBC Indonesia Summit 2026, Fred and Herald recap their trip to Jakarta and Surabaya and what they learnt along the way.

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

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Recent Guests

Frank Lee
Global Head of Tech Hardware and Semiconductor Research
HSBC
Episode: How to build a data centre
Ines Lam
Asia economist who wrote the report on aging in Asia
HSBC Global Research
Episode: Asia's race against time
Mark McDonald
Head of AI and Data Science at HSBC
HSBC
Episode: AI: Debate, direction and Dutch disease
Prerna Garg
Colleague and expert guest focused on medical tourism in Asia
HSBC Global Research
Episode: Taking the pulse on medical tourism
Jake Lee
Asian Managing Editor
HSBC Global Research
Episode: Top takeaways from HSBC's China Conference
Michelle Kwok
Head of Asia Real Estate and Hong Kong Equity Research
HSBC Global Research
Episode: What is Hong Kong's Northern Metropolis?
Pranjul Bhandari
ASEAN economist, HSBC Global Investment Research
HSBC Global Investment Research
Episode: El Niño looms large over ASEAN tech
Ricky Seo
Head of Semiconductor Research, Korea, leads research in the chip industry
HSBC Global Research
Episode: The surging demand for Asia's AI hardware
Jamie Culling
Sydney-based economist, part of HSBC Global Commodities team
HSBC Global Research
Episode: El Niño on the horizon

Hosts

Herald van der Linde
Host with roles across HSBC Global Investment Research and HSBC Global Research; frequent anchor for macro and equities discussions in Asia.
Fred Neumann
Host/analyst focusing on Asia economics and market strategy; regular contributor to discussions on macro drivers and regional equities.
Ines Lam
Asian economist with expertise on Asia AI supply chains and memory markets; provides macro context and policy insights.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

How to build a data centre
Q: Is there a risk that we're building too many data centres too quickly?
Lee says historical measures suggest a possible bubble, but he sees no current sign that demand is slowing. He cites a computing-rental startup earning revenue from GPUs, including a seven-year-old GPU that was still generating money, while cautioning that financing and circular deals remain risks.
How to build a data centre
Q: What are the key components that go into a data centre on the semiconductor side?
Lee explains that data centres use GPUs for training, custom application-specific chips for inference, and increasingly large amounts of memory. He also points to optics and networking as important parts of the evolving hardware ecosystem.
Asia's race against time
Q: India? How does it look like?
India's fertility rate is also falling below the replacement level, which suggests that growth could slow down as the population ages, though India still has a very large young population overall.
AI: Debate, direction and Dutch disease
Q: Do you think I'm a bit more bearish on AI than you are?
The guest acknowledges the concern but emphasizes that demand-side acceleration and supply-side constraints create a nuanced outlook; productivity gains are real, yet adoption and governance will shape which markets benefit.
Taking the pulse on medical tourism
Q: From an investor perspective, what opportunities or risks does this create?
Growth opportunities extend beyond hospitals to pharma, insurance, and travel sectors; cross-border care may alter margins and demand patterns, encouraging diversified, multi-industry exposure.

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Frequently Asked Questions About This Podcast

What is This Podcast about and what kind of topics does it cover?

The show consistently covers macro drivers shaping Asia's economies and stock markets, with a strong emphasis on how technology, policy, and regional dynamics interact with earnings and valuations. Episodes frequently tackle topics such as memory chips and AI hardware supply chains, the China urbanization policy shift, regional effects of El Niño, and the interplay between geopolitics, energy, and commodities on equity performance. A standout trait is the blend of market-centric analysis with policy context, drawing on HSBC Global Research's macro and sector expertise to connect global trends with Asia's growth engines. This makes it particularly useful for listeners who want timely, data-driven insights into macroeconomic bets, semiconduct... more

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These podcasts share a similar audience with this podcast:

1. The Macro Brief by HSBC Global Research
2. Making Sense
3. At Any Rate
4. Bloomberg Daybreak: Asia Edition
5. Global Data Pod

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this podcast launched 3 years ago and published 155 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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What guests have appeared on this podcast?

Recent guests on this podcast include:

1. Frank Lee
2. Ines Lam
3. Mark McDonald
4. Prerna Garg
5. Jake Lee
6. Michelle Kwok
7. Pranjul Bhandari
8. Ricky Seo

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