Expert Analyses of the following article:
HSBC to Increase Investment in Asia-Pacific Region, Chairman Cheng Says
Source: www.bloomberg.com
August 7, 2008
Where is the Hong Kong & Shanghai in HSBC?
Author: GLG Expert Contributor
Author: GLG Expert Contributor
Given its pedigree---Hong Kong Shanghai Banking Corporation---to fund Asian development beginning more than 100 years ago it's interesting that the bank currently has 75% of its loan portfolio in the US and Europe. Did they miss the curve for China, India and the ASEAN Region all supporting double digit growth for some years now? Better late than never but given the economic momentum in Asia...
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