The Hong Kong and Shanghai Banking Corporation (HSBC) headquarters building, in Central, Hong Kong, took seven years to complete from concept to construction and has become not only the icon for the region’s largest bank but the city of Hong Kong itself.
HONG KONG, June 10, 2019 /PRNewswire/ - Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch ('SPD Bank Hong Kong' or 'the Company') is celebrating its eighth anniversary in 2019. Over the past eight years, SPD Bank Hong Kong has been continuously expanding its investment banking, financial market and private banking businesses. Today, SPD Bank Hong Kong is a commercial bank with an asset value exceeding HK$100 billion. Its total assets have grown from HK$6.638 billion at the end of 2011 to HK$187.169 billion at the end of 2018, posting a compound annual growth rate of 61.13%.Ms. Zhang Li, Chief Executive Officer of SPD Bank Hong Kong, attributed the Company's success to a conducive market condition in Hong Kong, along with strong demand from many Chinese enterprises to participate in the international economy in recent years. Hong Kong, as one of the world's leading financial centers, is well positioned to offer many opportunities with its advantages of a vibrant financial market, well-established regulatory system and a vast base of international talent.
Against this backdrop, SPD Bank Hong Kong has successfully accelerated its local business and cross-boundary financial services, assuming the role of a bridgehead for SPD Bank's internationalization strategy.Over the years, SPD Bank Hong Kong has been riding on the positioning of Hong Kong as an international financial center and the opportunities arising from the Hong Kong- Shanghai financial collaboration to drive its local and cross-boundary financial businesses. The Company strives to provide a professional, diversified and holistic range of financial services, including bilateral loans, bond underwriting, asset custodian, merger & acquisition financing, aerospace financing, syndicated loans, trade financing, forex and interest risk management and private banking business to Chinese and foreign enterprises and financial institutions. SPD Bank Hong Kong has become a premium platform for cross-boundary financial services, thus earning a progressive, professional and trustworthy brand image and positive word of mouth in the international financial market.With the accelerated internationalization of the renminbi, SPD Bank Hong Kong, as one of the first market participants of Bond Connect, provides one-stop services for foreign investors, from applying to be a Bond Connect investor, selecting bonds, buying bonds, to performing renminbi hedging, custodian and settlement.
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