HSBC is one of the favourite stocks and banks in HK, especially for the people who born in the 50s and 60s. One of the major reasons for such phenomena is because HSBC has been a trustworthy bank in the 80s which has been growing together with the HK people.
Economy environment changes vividly, which business expands locally to regionally and to globally. HSBC slogan, "The worlds local bank", has deeply expressed this. Besides, the change of financial game rules since the bloom of stock market has lead to various changes in lots of business including HSBC. "Managing growth" has become the ultimate goal for lots of business in order to push their stock price, yet is it possible for a business to grow continuously non-stop? Should a company aim at "managing business" rather than "managing growth"?
HSBC has been expanded globally recently, from London and Hong Kong, to Asia-pacific like China, India, Indonesia, and even Bangladesh, as well as to other regions such as North America, Africa etc. It successfully "managing growth", but how does it perform while "managing business"?
And what's next for HSBC to continue to "managing growth" after expanding their traditional banking business (i.e. commercial banking and personal banking e.g. loans) over the globe? Expanding geographically is one of the means, while expanding in product and business lines would be the next.
In 2010, HSBC experiences a record low in ten years of $33. Is HSBC still a great company for long-term investment?
This book has provided opinions and directions to evaluate HSBC. Stay tune.
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