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.

HARISH VENKATESAN | HEAD OF INTERNATIONAL SUBSIDIARY BANKING, HSBC SINGAPORE

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

How can we help today?

Find out more about International Subsidiary Banking

We can be your dedicated partner, delivering a consistent banking experience globally, with solutions tailored to the unique needs of your business.

Singapore is a leading financial and commercial centre and is Asia’s most network-ready location with world-class infrastructure.

Our banking solutions have been designed to meet the requirements of a wide range of overseas headquartered companies based in Singapore.

Our global digital banking platform provides a centralised overview of your business finances for better control of your operations and risk position across the region.

We are committed to achieve a cleaner future. We support businesses engaging in sustainable practices and help them transition to a low carbon economy.

Reap the rewards of our global banking network and award-winning suite of financial services across liquidity and cash management, global trade and receivables finance, risk management, and capital financing.

HSBC’s International Subsidiary Banking (ISB) business provides a consistent global banking experience to over 8,000 corporate groups and their international subsidiaries. Operating across more than 50 markets, we are experts in delivering tailored solutions on a global scale.

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Get in touch to learn more about our banking solutions and how we can help you drive your business forward.