The Chinese economy has made a radical shift from being a centrally planned economy to being a market based economy. It is the world’s fastest-growing major economy and is the largest exporter of goods in the world. In the 1980s it began transforming its agricultural sector, while the following decade signalled a restructuring of its stagnant industrial sector.
Today it boasts trade with a number of economic super-powers and continues enlarging its global footprint. The backbone of this economic boom has been as a result of strong financial institutions and banks which have been supported by the market based economic climate. Since 1865, the Hongkong and Shanghai Banking Corporation Limited (HSBC) has been dedicated to gaining detailed knowledge of the Chinese market. Originally established as a conduit of finance for the growing trade between China and Europe, HSBC now has 8500 offices in 86 countries.
The first South African office opened in 1995 with the goal of providing clients with a global reach with in-depth knowledge. The global banking wing of the business serves the needs of major corporate and institutional clients globally.
This sector is further divided into departments dealing with multinational corporations, advisory, project finance, strategic financing advisory, debt capital markets, financial institutions, government sector and equity capital markets. HSBC’s detailed knowledge of local markets enables them to offer products and services in securities finance, treasury and capital markets, equities and research. The institution’s legacy continues to expand in today’s competitive markets.
For premier service with designated global solutions, contact HSBC on 011 676 4200.