1、 Disclosures&Disclaimer This report must be read with the disclosures and the analyst certifications in the Disclosure appendix,and with the Disclaimer,which forms part of it.Issuer of report:HSBC Bank plc View HSBC Global Investment Research at:https:/ Click to viewHSBC Funding the Future SurveyCon

2、fidence Crunch We explore the future of robotaxis we think the economics are misunderstood and Chinas EV market We look at the latest Funding the Future Survey,US IT services,stablecoins,infrastructure and the energy transition Plus,we examine trade deals and tariff impacts Welcome to Talking Points

3、,Global Investment Researchs monthly look at the key reports covering our nine themes and areas of strength such as sustainability.Are robotaxis on the cusp of going mainstream?In this months edition,we explore the economics of these autonomous vehicles,and delve into Chinas electric vehicle market.

4、We share the findings of our new Funding the Future Survey,and put the spotlight on US IT services.We look at recent trade agreements and tariff impacts.Delays in infrastructure upgrades could be a bottleneck for the net-zero transition and economic growth mobilising capital flows is the answer.We e

5、xamine the outlook for solar.Plus,we apply a forensic lens to a report from the Bank for International Settlements on stablecoins.Want to find out more about our themes?Subscribe to this periodical here.Read our Guide to HSBC Global Investment Research.From hype to reality whats the future for robot

6、axis?The autonomous vehicles are here,but we think the path to mass adoption will be gradual.Read:Robotaxi How advanced is Chinas EV market?We look at scale,cost and competition in the worlds largest electric vehicle market.Listen to:Under the Banyan Tree Whats the mood among venture capital and pri