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Essay / Research Paper Abstract
This 8 page paper examines the growth strategy adopted by HSBC in China. The paper looks at the external influences on the bank using of a PEST analysis, and then considers the internal competencies and resources of the bank. In the context of the internal and external environment the existing growth strategy for China is discussed. The bibliography cites 5 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEHSBCchina.rtf
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Unformatted sample text from the term paper:
China for a foreign bank and is committed to the country with the incorporation of a local branch of HSBC in the country in April 2007 (HSBC, 2007). The strategy
which is being issued appears to focus on organic growth, in order to understand the growth strategy we can examine the country and the macro influences as well as the
corporate competencies of HSBC themselves and the way in which they will compete in China. By looking at all of these aspects strategy in China can be assessed. 2. Environmental Factors
The way in which any company competes in any environment will depend upon the macro factors and their ability to deal with their influences. Looking at the political, economic, social
and technological influences that are present in the Chinese banking industry 2.1 Political Influences There are a large number of political influences on the banking industry in China. China is
a Communist country, where the government exercise is a great deal of control. There are elections in the country, but the situation is not a democratic system, as there are
no opposition parties; candidates and parties that stand are all controlled by the Chinese Communist Party (CIA, 2007). The level of control exercised is reflected in the commercial environment. In
2001 China joined the World Trade Organisation, as part of that agreement the government agreed to open up many industries to international competition, including the banking industry. However, the government
appeared to be reluctant to facilitate increased levels of competition. HSBC had purchased a 19.9%1 stake in the Bank of Communications, a bank which was classified as a joint stock
bank listed on the Hong Kong stock exchange. Since then the Chinese government has moved to reclassify the bank mutations to a "large state-owned bank" rather than the joint stock
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