The aims of this project are to introduce HSBC’s financial situation, strategy etc. it will also compare the reports from year 1998 to 2002 to analyze HSBC’s business performances, and forecast its future prospects. According to the financial data that was found in Internet, HSBC Holdings plc showed their successful business performance and steady going share price fluctuated. Whole company has showed the health improvement. It completely attracts me. Methods HSBC Holdings plc is one of the largest banking and financial services organization in the world, it is held by around 190,000 shareholders in some 100 countries and territories.
HSBC’s international network comprises over 9,500 offices in 80 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. It provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities. In order to prepare this project, the information and the financial report from were found from HSBC’s website, Financial Times’s website. The research shows HSBC Holdings plc is a successful services organization that has old-line history, fully and high quality services.
The data, which is from HSBC’s financial report, showed that HSBC’s business performances have been rising. It attracts more and more customers and shareholder to invest. According to analyses of HSBC’s financial report. It was found that HSBC Holdings plc has been absolutely successful for their strategy; it showed very strong operational performance and nice future prospects. In the stock exchange, the share price of HSBC Holdings plc also presented an advancing direction. In addition, HSBC aims to become the world’s leading financial services organization.
HSBC’s goal is to balance earnings between mature economies and the faster growing. So in order to achieve this, HSBC has developed a strategy of ‘Managing for Value’ designed to build on its achievements. This strategy is evolutionary and has three point components: 1. To concentrate on delivering “wealth management” to key market around. Wealth management means deepening relationships with personal customers beyond the provision of a simple check account and lending products. HSBC will offer these customers the full range of financial services and products. 2. To grow its commercial business.
This market consists of a wide range of businesses, which is including major companies, trading enterprises, professional practices, charities, entrepreneurs and smaller businesses. HSBC has been very successful in this market. 3. To integrate corporate and investment banking services for HSBC’s largest customers. It will help HSBC meet the requirements of its clients – some of the world’s largest and most successful companies. Conclusion In conclusion, we have overview HSBC Holdings plc and analyzed its financial report. As I given, HSBC Holdings plc is one of the largest banking and financial services organization in the world.
In last five years time, it showed an excellent financial result. However, it also needs to improve in some parts. For example, HSBC’s private bank needs to put out more new strategies attract customer. Recommendation According to analyses the HSBC Holdings plc, I am very interest this company. Base on the data, I can see the successful performance, excellent financial result from company, and HSBC Holdings plc are with great confidence for their future prospects. So if I am investor, I will invest in HSBC Holdings plc, it is worthy of confidence.