If you’re looking to expand in the region, give your business the best support possible with our ASEAN network
The Association of Southeast Asian Nations forms one of the fastest growing economic powerhouses and as a single entity is one of the top 5 economies in the world, behind the US, EU, China and Japan. ASEAN’s 10 countries equate to a total of 642 million people, accounting for over 8% of the world’s population. ASEAN’s GDP of US$2.76tn is growing at a rate of 4.7%, this is significantly higher than any other region and translates to a per capita metric of US$4,308. It is projected to become the world’s 4th largest economy by 2030.
Our ASEAN network
If you’re looking to expand in the region, give your business the best support possible with our ASEAN network, situated right here in our Singapore hub. Familiar with both the local and home country cultures, our China, Germany, France, UK and US desk managers are ready to assist you in English and the respective local languages.
Supporting corporates through these trade and investment corridors is not a new concept for HSBC. However, we now have a dedicated resource to support companies from China, UK, Germany and France. They augment existing capabilities that provide coverage to clients connecting all three of ASEAN’s biggest trade corridors – North America, China and Europe.
Meet our ASEAN Desk Managers
Besides servicing your banking needs, our desk network provides valuable insights into local business practices, cultures and legal environments. We can also help you identify growth opportunities and enter new markets in ASEAN.
Growing Chinese Businesses in ASEAN
Singapore’s economic and strategic role in ASEAN and trading partnership with China make it the top destination for Chinese businesses. As China takes on a more active role in shaping global trade through the Belt and Road Initiative, Chinese businesses have an opportunity to expand across ASEAN and leverage opportunities related to infrastructure, engineering, finance and architecture..
ASEAN is a destination of choice for many international corporates, including those from China, Europe, the United Kingdom and United States.
4th
largest economy in the world,
potentially, by 2030
642 million
dynamic population with 35% under 20
3rd
largest number of Internet users in
the world after China and India
200
branches in ASEAN’s 6th largest
markets and an international
network that covers more than
90% of trade flows
Over 7,000
multinational companies and 50%
of Regional Headquarters in Asia
are based in Singapore
0
tariffs within the 10 countries of
ASEAN according to the Asean
Free Trade Agreement (AFTA)
93%
of ASEAN’s GDP and international
trade can be captured through our
unrivalled banking connectivity
