Where is the closest HSBC Bank?

What the company is doing

HSBC is the world's largest high-growth market accessing bank. In the high-growth markets, particularly in Asia and the Middle East, HSBC maintains an excellent position. HSBC has a considerable wealth sector with balances of $1.4 trillion in 2019, backed by a leading foreign wealth proposal in Hong Kong, the UK, and Mexico.

How big it is

HSBC is also a leading commercial and cash management bank with USD 17 billion of adjusted revenue from transaction banking (2019). The international network of 64 markets, which encompasses about 90% of world GDP, trade, and capital flows, is funded by HSBC.

Business directions

The strategic benefits of HSBC are in linking consumers worldwide with their opportunities. An additional financial advantage is the balance sheet power of HSBC. They hold a good position in terms of capital, finance, and liquidity. The bank operates a flexible business model with low volatility in sales. Despite short-term headwinds, HSBC's plan is positioning them to benefit from long-term global developments. In Asia, a more significant proportion of global GDP is projected to continue. Global wealth, supported by rapid growth in Asia, is expected to continue to grow.

Key facts about the company

It is important in a rapidly evolving world for HSBC to constantly respond to the needs of its customers and more efficiently represent shareholders and other stakeholders.
HSBC established in February 2020 a major program to reshape, promote, and reduce costs for underperforming enterprises. In key areas, they are fast-moving forward from capital reallocation on growth markets to invest in emerging technology to enhance the customer experience. This will allow the Group to increase returns for investors, develop investment capacity for the future, and build a sustainable growth platform.

Significant operating changes across 2020 have led HSBC to speed up its emphasis on those areas where it can produce the highest returns and have the best growth opportunities. HSBC is a growing investment rate in Asia, particularly wealth and sustainable finance in the Greater Bay Area, South Asia. They are focused on companies that implement a fee-based model and allow for cutting costs further. Their current climate plan reflects their determination to be a pioneer in helping customers on the path to net-zero.

Mission and vision

The values of HSBC explain how, among consumers, regulators, and society, they communicate. They set the standard for their strategic plan and make management decisions sticking to their company values. The ideals and business principles of HSBC shape the essence and describe who they are and what makes them special. These ideals and corporate standards should be brought to life by all workers in their day-to-day activities. These values should also be positioned at the forefront of their behaviors.
Furthermore, it is expected that all workers will behave with brave honesty. This means getting the courage to compromise about what is right, but without jeopardizing the ethical principles and reputation of the organization. This guiding principle underpins the ideals and business principles of HSBC.

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