Significant investment in infrastructure is planned as part of China’s Belt and Road Initiative
HSBC has been named Best Overall International Bank for the Belt and Road Initiative in Asiamoney magazine’s inaugural New Silk Road Finance Awards.
The Belt and Road Initiative (BRI) is the Chinese government’s long-term programme to increase investment in countries along trade routes to China’s west and south. It includes projects to build and improve infrastructure such as roads, railways and ports.
The Asiamoney award reflects HSBC’s commitment to helping its customers make the most of the opportunities presented by the initiative, as well as its involvement in a number of key projects.
HSBC was also named:
Best Bank for BRI-related Infrastructure Finance in Southeast Asia
Best Bank for BRI-related Infrastructure Finance in South Asia
Best Bank for BRI-related Finance in Central and Eastern Europe
Best International Bank for BRI in the Middle East and Africa
HSBC’s Helen Wong and colleagues accept the Asiamoney award
Peter Wong, Deputy Chairman and Chief Executive, The Hongkong and Shanghai Banking Corporation Limited, said: “We are proud to win this recognition from Asiamoney. HSBC’s universal banking model and global network mean that we are uniquely positioned to meet all of our clients’ financial needs as they engage in Belt and Road-related business.”
HSBC’s expertise in cash management was also recognised in September in Euromoney magazine’s Cash Management Survey 2017. The bank was voted Best Global Cash Manager by both corporates and financial institutions.
The survey is based on the votes of more than 28,000 cash managers, treasury professionals and financial officers around the world.
Diane S Reyes, Global Head of Liquidity and Cash Management, HSBC, said: "Our success is testament to our strong relationships with clients, the breadth and depth of our product offering, and the extensive footprint that we can offer."
Read more about recent awards won by HSBC.