HSBC China Forum Helps US Businesses and Investors Capitalize on “Tomorrow’s China”
August 07 2017 - 11:24AM
Business Wire
HSBC held its third annual China Forum in New York and San
Francisco last week, bringing together US businesses and investors
to learn about how innovation and integration are shaping China’s
economic future.
Participants were treated to on-the-ground insight into China’s
recent economic and financial developments such as:
- The inclusion of China-A shares into
the MSCI Emerging Markets Index, allowing global investors to
invest directly in Chinese mainland equities
- Bond Connect, which allows foreign
investors broader access to China’s local bond markets,
- China’s decision last year to grant
U.S. institutional investors the world’s 2nd largest quota to make
qualified renminbi (RMB) investments under the RQFII program,
- The approval in June for HSBC to
establish the first-ever Chinese securities firm that’s majority
owned by a foreign bank – the HSBC Qianhai Securities Limited.
Panelists also discussed opportunities around China’s Belt and
Road Initiative and how the profile of the Chinese consumer is
evolving through innovative developments in digital and technology,
specifically from companies located in the Pearl River Delta region
in the Guangdong province.
President and Chief Executive of HSBC USA, Pat Burke, opened the
conference with a US perspective on the key economic and policy
developments impacting how American businesses operate and invest
in China.
"Next year marks the 40th anniversary of China’s economic
reforms, and the progressive opening-up to foreign investment set
in motion what some have called the greatest increase in living
standards in human history. It’s safe to say it also transformed
the global economy and the US economy,” said Burke. “At HSBC, we
have our finger directly on the pulse of one important part of the
US-China relationship: the flow of goods, services and capital. And
from our vantage point at HSBC, the commercial and financial
relationship is thriving.”
Burke’s co-host was David Liao, Chief Executive of HSBC China.
Burke and Liao are partners in providing financial services to HSBC
clients on both sides of the US-China corridor.
“With the transformation of the Chinese economy, its services
sector will present attractive opportunities for US investors.
There will be plenty of new avenues for cooperation – in capital
markets, in technology and innovation, in retail and consumption,”
said Liao. ”With our position as China’s leading foreign bank, with
more than 150 years of experience in the country, HSBC is uniquely
positioned to help businesses and investors achieve their ambitions
in China.”
Burke and Liao’s remarks from the China Forum in New York are
available on the HSBC in the USA website.
Notes to editors:
HSBC Bank USA, National Association (HSBC Bank USA,
N.A.), with total assets of US$191.9bn as of 30 June 2017 (US
GAAP), serves customers through retail banking and wealth
management, commercial banking, private banking, asset management,
and global banking and markets segments. It operates 229 bank
branches throughout the United States. There are 146 in New York as
well as branches in: California; Connecticut; Delaware; Washington,
D.C.; Florida; Maryland; New Jersey; Pennsylvania; Virginia; and
Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC
USA Inc., a wholly-owned subsidiary of HSBC North America Holdings
Inc. HSBC Bank USA, N.A. is a Member of the FDIC.
HSBC Holdings plc, the parent company of the HSBC Group,
is headquartered in London. The Group serves customers worldwide
from around 3,900 offices in 67 countries and territories in
Europe, Asia, North and Latin America, and the Middle East and
North Africa. With assets of US$2,492bn at 30 June 2017, HSBC
is one of the world’s largest banking and financial services
organizations.
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Media inquiries:HSBCMatt
Ward, +1 212-525-1931matthew.m.ward@us.hsbc.comorTala Booker, +1
212-525-4311tala.booker@us.hsbc.com
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