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Hongkong and Shanghai Banking Corp. Ltd. (The) Dec 04

  • ID: 1781517
  • December 2004
  • Region: Hong Kong
  • Standard & Poors

FEATURED COMPANIES

  • Beneficial Company LLC
  • Hang Seng Bank Limited
  • HFC Bank Ltd.
  • HSBC Bank Brasil S.A.
  • HSBC Bank Nevada N.A.
  • HSBC Finance Corp.
  • MORE

Abstract
The ratings on Hongkong and Shanghai Banking Corp. Ltd. (HSBC Asia Pacific) reflect the bank's stand-alone profile, which is enhanced by the advantages of its membership in the wider HSBC Holdings Plc group (HSBC group, A+/Stable/A-1). The foreign currency rating on the bank is constrained by the foreign currency ratings on the Hong Kong Special Administrative Region (Foreign currency: A+/Stable/A-1; Local currency: AA-/Stable/A-1+). HSBC Asia Pacific profits from its leading position within the Hong Kong domestic banking sector and its extensive presence within the Asia-Pacific region. Despite a currently difficult operating environment in Hong Kong, characterized by weak loan demand and price competition, the bank continues to report good profitability, diversified earnings, satisfactory asset quality, a stable funding base, and...

Action: Review

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Research Type: Full Analysis

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- The Hongkong and Shanghai Banking Corp. Ltd.
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Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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