Belle Liang, chief investment officer for investment and wealth solutions at Hang Seng Bank, has been appointed chief investment officer at HSBC China. Based in Shanghai, she will take up her post later this week, she told FSA.

Educated in Taiwan and the US, Liang (pictured) was made head of investment advisory at Hang Seng Bank in 2011 after a decade in financial markets as a research analyst and equity strategist.

She was promoted to chief investment officer, CIO & investment advisory in January 2023, according to her LinkedIn profile.

In an interview about alternatives with FSA last month, Liang expressed support for hedge fund styles to improve diversification and help limit downside risk as elevated equity–bond correlations were likely to persist.

Given geopolitical instability and weaker fiscal discipline in some developed markets, she also saw commodities, especially gold, as useful diversifiers during periods of economic or financial stress.

Meanwhile, during an inflationary environment, real assets, particularly infrastructure linked to long-term AI investment and with contractual inflation pass-through, should help sustain real yields, she said.