House of the year, Hong Kong - HSBC

Asia Risk Awards 2007

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Despite increased competition from international banks in Hong Kong and the positive developments in China's banking industry in the past six years, HSBC remains the bank of choice for companies in the territory. Statistics released in March by US research company Greenwich Associates show that HSBC controls close to a quarter of foreign exchange business in Hong Kong and more than a third of the interest rate derivatives market with Hong Kong corporates.

"We have a very dominant position in

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