Crédit Agricole Group in Hong Kong
One hundred and thirty years ago, by a decree dated 30 March 1894, the French authorities gave Banque de l’Indochine permission to open a branch in Hong Kong, which was then a British territory. This location would become a significant source of growth for the bank. In 1974, Crédit Lyonnais established its presence with its asset management subsidiary. Currently, the Group is present in Hong Kong through Crédit Agricole CIB for corporate and investment banking (CIB), Amundi in asset management and a CA Indosuez (Switzerland) SA branch office handling Wealth Management.
Hong Kong’s 2025 macroeconomic outlook shows promising recovery amid persistent structural challenges, with financial and property market stabilization gains tempered by shifting consumption patterns
- Hong Kong's GDP growth has accelerated markedly since summer 2025, with Q3 posting a stronger-than-expected 3.8% YoY growth;
- Retail sector still undergoing adjustment - domestic residents have the capacity to spend but are choosing to spend elsewhere, weighing on local businesses;
- Retail sales are yet to recover to their pre-Covid levels and are down c. -15%;
- Visitor arrivals remains below pre-covid levels (c. 49m visitors in 2025 vs. 65m in 2018, i.e. a 25% cut) and spending patterns have shifted away from high-value luxury of the past;
- Optimism around IPO-related inflow and structural inflows (driven by fears of Chinese stocks being delisted from the US) have buoyed HK equity markets;
- Hong Kong has returned as the world's leading IPO venue in 2025, hosting four of the world's top 10 IPOs of 2025 and raising nearly HKD285.8 billion in total;
- The property market which reached a floor in 2025 could be a potential stabilizing force for the economy going forward;
- The Government is focusing efforts on new sectors (ie Life and Health Technology, Artificial Intelligence and Data Science, Advanced Manufacturing and New energy Technology) and is launching new initiatives to boost the economy (ie. Northern Metropolis development, Greater Bay Area integration, talent attraction programs.
Source : CACIB
Benchmarks 2025
Population: 7,5 millions
Unemployment rate: 3,8%
GDP: 56 844 dollars / head
GDP growth: 3,2% in 2025, 2,1% in 2026 and 2,0% in 2027
Inflation: 1,5% in 2025, 1,8% in 2026 and 2,0 % in 2027
Current account (% of GDP) : 13,5% in 2025, 11,2% in 2026 and 9,5% in 2027
Emissions de CO2 : 4,34 tons / head (2022)
Sources : FMI, Crédit Agricole S.A. / ECO
Crédit Agricole Group in Hong Kong
Crédit Agricole was one of the first European banks to operate in the Asia-Pacific region and Hong Kong in 1894. This location plays a specific role for the Group’s entities and the 900 employees present on site, thanks in particular to its opening to China and more generally the Asia-Pacific region. For CACIB and Amundi in particular, in addition to activities dedicated to local clients, Hong Kong is the main hub for the Asia-Pacific region.
| Setup | Business activity | Outlook |
| Crédit Agricole CIB 700 employees | A decision centre and a platform covering the Asia-Pacific region where CACIB is physically present in nine markets (Hong Kong, China, Taiwan, Japan, Korea, Australia, India, Singapore and Indonesia):
A diversified portfolio of clients coveraged in Hong Kong: | Strengthen the product offering, particularly for major international groups with a presence in Hong Kong. Develop and diversify the product offering dedicated to Private Equity and Infrastructure funds. Expand the customer base of financial institutions as well as the range of products and services. |
| Indosuez Wealth Management 116 employees | Wealth management activity focused on clients residing in Hong Kong, Taiwan and mainland China. A broad and efficient offering. Recognised international expertise, particularly in ESG matters. | Continue to position itself in these highly competitive markets. Continue to grow by attracting new customers and continuing to improve the customer experience. |
| Amundi Hong Kong Ltd 68 employees | Founded in 1982, Amundi Hong Kong implements a commercial strategy aimed at providing the best investment solutions to investors in Asia. Offering a wide range of public and private products to local retail and high net worth clients through distribution partners. Customise investment strategies and solutions to meet the needs of institutional and corporate clients. | Meet the strong development ambition in Asia.
Expand the offering, particularly in terms of ESG and Technology |