HSBC Financial Empire - 140 Years of China's Story

Author: Liu Shiping
Publisher:
Publish Date: 2006-03-01
Features: HSBC not only has long dominated China but is also the largest foreign bank in China today. Established in 1865, HSBC began operations in Hong Kong and Shanghai. Since then, its profits have steadily increased and its assets have continuously expanded: starting with an initial capital of 5 million Hong Kong dollars, its assets exceeded 1.5 trillion U.S. dollars by the end of 2005; from earning less than 500,000 Hong Kong dollars in profit within its first year of operation to generating over 15 billion U.S. dollars in profit by 2005; from initially renting buildings to operate from to now having built a vast financial empire in 77 countries and regions around the world. This book is part of a renowned foreign enterprise series, providing a comprehensive and systematic account of the 140-year-old story of HSBC, a world-class financial institution. It explores the development trajectory of HSBC in China and its "dominance," revealing the secrets behind its enduring success amid changing times and vicissitudes.