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HK economy and HSBC

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  1. HK economy and HSBC Yau Tat Kwan, Jacob 2008046921

  2. Analysis of current economy of Hong Kong • Overview of Hong Kong’s real GPA • 2008 • 4th quarter: -2.6% • 2009 • 1st quarter: -7.8% • 2nd quarter: -3.6% • 3rd quarter: -2.4%

  3. internal growth • private consumption expenditure edged up 0.2% in Q3, contributing 0.1 percentage points to GDP growth. • Gross fixed capital formation did even better by rising 1.3%, contributing 0.3 percentage points to GDP. • Government consumption expenditure also rising at the fastest pace of 3.3% since the recession began and contributing another • 0.3 percentage points to GDP growth, • all three internal growth drivers combined contributed 0.7 percentage points

  4. HSBC • Stock number: 0005 • The Hong Kong and Shanghai Banking Corporation Limited (HSBC)

  5. HSBC • One of the largest banking and financial services organizations in the world. • An international network of some 10,000 properties in 86 countries and territories in Europe; Hong Kong; Rest of Asia-Pacific, including the Middle East and Africa; North America and Latin America. • A comprehensive range of financial services is offered to personal, commercial, corporate, institutional, investment and private banking clients.

  6. Profits in 2008 • Europe: US$10.9 billion, up 26 per cent. • Asia: US$11.9 billion, 11 per cent down • (Hong Kong): US$5.5 billion, down 26 percent • Latin America: US$ 2 billion, down 6 percent

  7. HSBC HOLDINGS - 10 Years (Monthly)

  8. Earnings Summary 

  9. In the long run • Chinese economy has maintained decent growth via domestic growth impetus, providing solid support to the Hong Kong economy. • Q1: 6.1% • Q2: 7.9% • Q3: 8.9%

  10. Coming into the China Market • After the opening of a subsidiary bank in Fo Shan, the next step is to set up further banks in Zhong Shan and Wei Zhou. • The strategy is to occupy most important cities in the Pearl River Delta. • Taking the advantage of this, HSBC would like to become the first listed foreign company in China.

  11. References • http://www.hsbc.com/1/2/ • http://n.yam.com/cna/china/200908/20090827845448.html • http://news.bbc.co.uk/chinese/trad/hi/newsid_7510000/newsid_7516700/7516731.stm • http://hk.news.yahoo.com/article/100112/9/g2nm.html • http://www.takungpao.com/news/07/05/11/JJ-734779.htm • http://big5.jrj.com.cn/gate/big5/bank1.jrj.com.cn/news/2007-12-14/000003056099.html • http://www.warrants.fortis.com.hk/warrants.aspx • http://news.bbc.co.uk/chinese/trad/hi/newsid_7670000/newsid_7673400/7673496.stm • http://ct.acnnewswire.com/Article.Asp?Art_ID=559&lang=CT • http://boc.quotepower.com/web/bochk/stocks_quote.jsp?lang=zh_TW&domain=BOCHK&rand=354963938&lastLevel1Name=nav_stocks&lastStock=&stock=5&realtime=