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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

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

Herald takes on the role of interviewee this week, as he and Fred look at what's driven Asian equity markets in 2025, and what investors are likely to be watching in the year ahead.

For more content from HSBC Global Investment Research, follow us on... 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
Pranjul Bhandari
Chief India Economist
HSBC
Episode: India: Tariffs, tax cuts and expensive visa hikes
Prerna Garg
equity strategist
HSBC Global Research
Episode: A status update for Vietnam?
Joy Wang
Head of ASEAN Equity Research
HSBC
Episode: Live from Singapore
Joey Chew
Leads the FX research team
HSBC
Episode: Live from Singapore
Jun Takazawa
Economist from the Asian economics team at HSBC
HSBC Global Research
Episode: Anomaly economy: Japan

Hosts

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

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Talking Points

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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

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

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. Bloomberg Daybreak: Asia Edition
3. At Any Rate
4. Making Sense
5. The Markets

How many episodes of this podcast are there?

this podcast launched 2 years ago and published 112 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. Dr. Murat Ulgen
2. Erwan Rambourg
3. James Steel
4. Aris Dacanay
5. Pranjul Bhandari
6. Prerna Garg
7. Joy Wang
8. Joey Chew

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