China’s relationship with the world is currently in a period of extended transition and nowhere is this more evident than in Australia, said HSBC Holdings CEO Stuart Gulliver at the recent Australia-China Conference 2016. Read the full transcript of the speech.
China’s economy added roughly the equivalent of Turkey or Sweden to its GDP last year. More cars were sold in China in 2015 than in the US, Japan, Germany, India and UK combined. Chinese travellers also made 120 million trips abroad, spending $140bn in the process.
HSBC Australia has decorated branches in Sydney with banners and rainbow flags to celebrate Sydney’s Gay and Lesbian Mardi Gras. It has also put messages on ATMs and display screens in branches across New South Wales.
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We made good progress in 2016. Our diversified business model performed well in challenging conditions and the implementation of our strategic actions is well advanced.
HSBC is boosting its use of renewables by buying power from a new windfarm in Mexico.
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