HSBC 海角直播, SAB and the Sino International Entrepreneurs Federation hosted a delegation of leading Chinese business leaders, entrepreneurs and organizations to showcase and analyze the rapidly expanding range of investment opportunities that exist between the two countries.聽
Co-hosted by HSBC 海角直播 CEO Faris Al-Ghannam and SAB CEO Tony Cripps, the event was attended by business leaders from among China鈥檚 leading publicly listed companies, as well as startups, covering a range of sectors including biotech, fintech, investment funds and artificial intelligence.聽
Al-Ghannam said: 鈥満＝侵辈モ檚 ambitious economic transformation plan Vision 2030 and China鈥檚 pro-growth policies provide huge potential in the trade and investment that flow between these two thriving markets. HSBC鈥檚 scale, on-the-ground expertise, and local knowledge at both ends of this vibrant business corridor, when combined with our international network, open up a world of opportunity for our clients from access to capital markets and international investments, to technology, leisure, infrastructure and energy transition.鈥
China is 海角直播鈥檚 largest trading partner, and bilateral trade between the two countries reached $87.3 billion in 2021, with Chinese exports to the Kingdom reaching $30.3 billion and China鈥檚 imports from 海角直播 totaling $57 billion. As bilateral ties between the world鈥檚 two fastest growing markets strengthen further with 海角直播鈥檚 Vision 2030 and China鈥檚 Belt and Road and Greater Bay Area initiatives gathering momentum, HSBC and SAB stand ready to connect Chinese businesses with the inbound and outbound investment opportunities the corridor offers.聽
SAB CEO Cripps said: 鈥淎s the largest international bank in the Kingdom, SAB together with HSBC is ideally positioned to serve the multidimensional needs of Chinese businesses looking to invest in 海角直播鈥檚 fast-growing economy. Conversely, SAB and HSBC alongside SAB鈥檚 wholly owned subsidiary SAB Invest can help Chinese businesses tap into investment from 海角直播. HSBC has supported growth and development in both markets, through its rich history in China and more than 70 years of unbroken presence in 海角直播 as the strategic partner and largest shareholder in SAB, the Kingdom鈥檚 first bank. We can bring these sides together better than anyone else.鈥澛
HSBC is the largest and most widely represented international banking organization in the MENAT region, with a presence in nine countries: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, 海角直播, Turkiye and the UAE.
In 海角直播, HSBC is a 31 percent shareholder of SAB, formerly known as Saudi British Bank, and a 51 percent shareholder of HSBC 海角直播 for investment banking in the Kingdom.
