Delivered August 26, 2019. Contributor: Emmanuel A.
To understand how important HSBC is to the people and/or entities based in Hong Kong in order to understand how the bank could be affected by the current political climate in the region.
Hong Kong is arguably HSBC's most important market in the world despite the fact that the company's headquarters is in China.
According to Bloomberg, "Few if any of the world’s largest financial companies dominate a single market quite like HSBC does in Hong Kong, a city of 7.5 million people that accounted for roughly 60 percent of the bank’s pretax income in 2018.