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Thursday, June 27, 2013
From the list of regional interest search, it is obvious that Hong Kong ranks first. HSBC, as the name implies, is the Hong Kong and Shanghai Banking Corporation. And the fact is that HSBC was founded by the Scotsman in the British colony of Hong Kong and Shanghai in history. With the development of HSBC, HSBC starts to have a big strategic shift in expansion. HSBC has completed a lot of acquisitions across the world.  It firstly completed Midland Bank which made HSBC stand stable in the United Kingdom. And in order to adapt to the strategic model, HSBC decided to relocate its headquarter from Hong Kong to London. So, naturally United Kingdom is listed in the rankings. And also due to many acquisitions, HSBC has established its reputation among customers all over the world. And it has formerly launched its branches in the United States and completed major acquisitions in South America. So the next three regions are respectively Mexico, United Arab Emirates and the United States.

In addition, other regions, such as Malaysia, Philippines, India, Canada and Turkey are mentioned in the list. It is because HSBC has undergone so many acquisitions in different countries which make it widely acknowledged by local people. Till now, HSBC has covered the European market, the Asia-Pacific market, the America market and the Mid-East and North Africa market, and will be better gradually.


According to the ranking in cities, surprisingly, four cities of the United States are listed in the rankings; they are respectively Buffalo, Rochester, New York and Washington. As is known to all. HSBC expanded its presence in the United States after buying Republic National bank of New York. So HSBC definitely exerts a tremendous impact on the US market. Then, it is found that Syracuse and Paris are also listed, because HSBC once has completed an acquisition of a large French bank. Still, HSBC has focused on smaller countries, which have a leading market share. Here, Mexico and Turkey belong to a growth market. Naturally, Mexico City and Istanbul are included in the list.

In a word, HSBC, with a long history, is one of the world's largest banks, which develop quickly and prosperously.

 Hsbc's search volume in cities and regions across the world:Hong Kong has the highest search volume,the next are the United Kingdom,Panama,Mexico and the United Arab Emirates.Headquartered in London,HSBC is one of the largest banking and financial organizations in the world.HSBC's international network comprises around 6,600 in over 81 countries and territories in Europe,the Asia-Pacific region,the Americas,the Middle East and Africa.So it's no doubt that hsbc is popular in the UK.


    What surprised us is that Hong Kong has the highest search volume,maybe it's because Hong Kong has been the British colonies once a time,but it's undeniable that the top ten countries are all in in Europe,the Asia-Pacific region,the Americas,the Middle East and Africa,they all have a large population and a developed economy.


    Seeing from the rankings in cities,they are London,Brentford,Birmingham,Poplar,Sheffield,Manchester and so on.Notice that?They are almost all cities of the UK.London,the capital and the largest port in the United Kingdom of Great Britain and Northern Ireland, Europe's largest city,the world's top international metropolis and one of the most prosperous cities in the world. London have firmly been Europe's largest financial center cities and Europe's largest economic center.It's undeniable that these top ten cities all have a large population and a developed economy.

Monday, June 17, 2013
The award was recently presented during the Euromoney Awards for Excellence ceremony held in Dubai.

Walid Khoury, CEO of HSBC Saudi Arabia Ltd, received the award.

On this occasion, Walid Khoury ,commented, "We are delighted to have again won a top award from Euromoney, which is a reflection of our strong commitment to offer ultimate investment banking services and products to our customers in the Kingdom of Saudi Arabia. We will strive to maintain our market position within the Kingdom through our dedicated team of experts that allowed us to achieve this recognition."

Euromoney Awards for Excellence are amongst the most respected awards for financial services across the world, and are a benchmark within the industry for class-leading products and services.
China's No. 2 life insurer faced an uncertain future earlier this year when its biggest shareholder, HSBC Holdings PLC, sold its entire 15.57% stake in the company to a Thai billionaire.

Analysts worried at the time about Ping An Insurance (Group) Co.'s operating outlook; HSBC had provided the insurer with significant help in establishing business foundations such as an integrated back office and risk-control mechanism. But with the dust settled on HSBC's exit, Ping An's president, Alex Ren, says those worries are behind the company, which is now focused on expanding its role in banking and asset management.

Ping An is a relatively young player in the country's financial-services sector, which is dominated by state-owned players such as its bigger rival China Life Insurance Co. Early on, Ping An saw its first and only overseas investments—amounting to about $3.78 billion that it invested in Belgian-Dutch financial-services company Fortis NV—wiped out when the European company was nationalized and sold off during the 2008 financial crisis.


Ping An
Ping An President Alex Ren

That has prompted Ping An to focus on businesses at home, which helped lead to a 44% jump in profit over the past four years—a stellar performance compared with China Life's 66% profit decline in the same period.

Mr. Ren, a 43-year-old executive who has spent his career at Ping An, met with The Wall Street Journal in Hong Kong to discuss how he is grappling with China's slowing economy, changes in financial regulations and the fallout from the HSBC exit. Edited excerpts:

WSJ: What do you make of slower economic growth in China?

Mr. Ren: China is, on one hand, under the process of destocking, or reducing excess capacity, and, on the other, looking for new growth drivers.

We're happy to see that the Chinese authorities are quite calm in dealing with the slower growth, and didn't roll out many stimulus policies. This is crucial for reforming the country's economic structure, which should focus more on domestic consumption, people's livelihood and environmental protection.

WSJ: China is also reforming its financial markets. How does that affect Ping An and other financial institutions?

Mr. Ren: Ping An will benefit from these reforms. Nowadays, the vast majority of China's 140 trillion yuan ($22.8 trillion) in assets are sitting on banks' balance sheets, and the rest are split among insurance firms, trusts, securities and asset-management companies.

But the big trend is "disintermediation" of banks' assets, which means: In the past, many companies could only borrow from banks, but now they can raise funds in the markets by issuing bonds or shares.

So insurers, securities and asset-management firms now have business opportunities, which were only available to lenders before.

More importantly, bank loans, which used to be corporates' major financing channels, are set at highly regulated interest rates.

When financing channels gradually shift to other nonbank institutions via wealth-management products or bonds, interest rates will be determined by risks, the borrowers' credit ratings and debt profile.

That's exactly what China's financial industry participants should do—to refine our credit ratings (system) and improve risk disclosure so that investors can make investment decisions based on risk analysis.

WSJ: What distinguishes Ping An from its competitors?

Mr. Ren: We've developed three core businesses—insurance, banking and investment. That makes the group more resilient. We were the first Chinese financial institution to establish an integrated operating center—first in Shanghai, then in other cities with lower costs.

Thanks to this back office—the establishment of which was helped by HSBC—we now have lower operating costs and better efficiency.

WSJ: Ping An has been ahead of its competitors in terms of technology, particularly in the case of mobile sales. What's next for this side of the business?

Mr. Ren: We'd like to offer one-stop service for customers. For example we've launched an online account named "One Account Management Services," or "Yi Zhang Tong" in Chinese. The account allows customers to look for financial products provided by Ping An, as well as by other financial institutions. Young customers are increasingly active and like comparing various products due to enormous amount of information on the Internet. So if we don't address customers' needs, we may lose them.

WSJ: Chairman Peter Ma has driven the company's focus on technology platforms. Why is that important to him and to the company?

Mr. Ren: Chairman Ma is an entrepreneur who's cautious of risks and curious about new technology. He always asks himself: "Will I fall behind [rivals] in five years? How can I be ahead of competitors?" He doesn't only ask this of himself, but also pushes the whole management team to think about it.

The technological transformation may not happen that fast [in China], but that will definitely change the landscape of the financial industry. We must be well-prepared in advance.

WSJ: HSBC became Ping An's biggest shareholder after buying shares both before and after its Hong Kong listing in 2005. How are you dealing with the loss now that HSBC sold its entire stake early this year?

Mr. Ren: We are thankful to HSBC, which supported us over the past decade but Ping An has a vast and diversified base of shareholders, unlike many Chinese peers that are largely owned by the nation, so we won't easily change our business strategy just because of a change of one or two shareholders.
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