China's economy has entered a new phase which presents
even better opportunities for businesses outside of China.
As China’s domestic firms shift to higher-margin business, they are open to foreign companies to supply them with high-value goods and services and can tap into the rapidly growing Chinese middleclass.
China’s state-owned enterprises (SOEs) are investing outside China, creating opportunities for internationally minded companies to participate in massive capital projects in Asia, Africa and Europe.
What's your strategy to maximise China's growing global trade and business potential?
HSBC was named the Best Overall International Bank for the Belt and Road Initiative (BRI) in the 2019 Asiamoney New Silk Road Finance Awards, demonstrating the Bank’s success in delivering on its strategic commitment to the BRI. This is the second time HSBC has won the title, since the award was launched in 2017.
The GBA’s innovation hub
This article was first published on 15th March, 2019 by Week in China (WiC)
Famously it was once a fishing village but its economy is now bigger than Hong Kong’s. Shenzhen’s new billing as China’s innovation capital has put it centre-stage in the plan to supercharge a vast new economy across the Greater Bay Area. For an insider view of the city and its key role in the GBA, WiC talked to Neo Wang and Rannie Lee – HSBC’s Co-Chief Executives in Guangdong province.
By Erwan Rambourg, Global Co-head of Consumer & Retail at HSBC
Wealthy Chinese consumers like cruising, have gone off Korean cosmetics, visit Japan but prefer France. How do we know? We asked them.