HSBC Financial Empire – 140 Years of China's Story

Author: Liu Shiping
Publisher:
Publishing Time: Not available
Features: HSBC not only has a long-standing presence in China but is also the largest foreign bank in the country 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 decade of operation to generating over 15 billion U.S. dollars in profit by 2005; from initially renting buildings to operate its business to now establishing 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 of HSBC in China and its "dominance," revealing the secrets behind its enduring success amid changing times and turbulent events.