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About HSBC China – Investment Partners
HSBC is one of the largest investors amongst foreign banks in mainland China. It has invested USD4.68 billion on selected equities, including Bank of Communications, Ping An Insurance, Industrial Bank Company Limited, Yantai City Commercial Bank and Bank of Shanghai.
It has also invested USD12.5 million in joint ventures with HSBC Jintrust Fund Management Company Limited and Beijing HSBC Insurance Brokers Limited.
These investments allow HSBC to combine its international presence and expertise with the local knowledge and networks of its partners to create the greatest benefit for our customers.
The following is a full list of investments made by subsidiary companies of HSBC Holdings plc in mainland China:
| Bank of Communications | |
|---|---|
| Amount invested: | USD2.486 billion |
| Investment date: | August 2004, June 2005, September 2007 |
| Holding: | 19.0 per cent |
| Holding Entity: | The Hongkong Shanghai Banking Corporation |
| Ping An Insurance | |
| Amount invested: | USD1.805 billion |
| Investment date: | November 2002, June 2004, August 2005 |
| Holding: | 16.8 per cent |
| Holding Entity: | HSBC Insurance Holdings Limited and The Hongkong Shanghai Banking Corporation |
| Industrial Bank Company, Limited | |
| Amount invested: | USD209 million |
| Investment date: | May 2004 |
| Holding: | 12.78 per cent |
| Holding Entity: | Hang Seng Bank Limited* |
| Yantai City Commercial Bank | |
| Amount invested: | USD117 million |
| Investment date: | February 2009 |
| Holding: | 20 per cent |
| Holding Entity: | Hang Seng Bank Limited** |
| Bank of Shanghai | |
| Amount invested: | USD64 million |
| Investment date: | December 2001 |
| Holding: | 8 per cent |
| Holding Entity: | The Hongkong Shanghai Banking Corporation |
| Bank of Communications | |
| Holding Entity: | The Hongkong Shanghai Banking Corporation |
| Bank of Communications | |
| Total equity investment: USD4.68 billion | |
| HSBC Jintrust Fund Management Company Limited | |
|---|---|
| Partner name: | Shanxi Trust and Investment Corporation Limited (Jintrust) |
| Amount invested: | USD12 million |
| Investment date: | November 2005** |
| Holding: | 49 per cent |
| Holding Entity: | HSBC Investments (UK) Ltd |
| Beijing HSBC Insurance Brokers Limited | |
| Partner name: | Shanghai Hua Yu Asset Management Limited and Beijing Zhong Ke Engineering Company |
| Amount invested: | USD0.5 million |
| Investment date: | November 2003 |
| Holding: | 24.9 per cent |
| Holding Entity: | HSBC Insurance Brokers Limited |
| Total joint venture investment: USD12.5 million | |
| Total investment: USD4.69 billion | |
*Hang Seng Bank Limited, a subsidiary of HSBC in which HSBC owns 62.14 per cent, have a 12.78 per cent holding in Industrial Bank Company Ltd, through which HSBC indirectly owns a 7.94 per cent.
** Hang Seng Bank Limited, a subsidiary of HSBC in which HSBC owns 62.14 per cent, have a 20 per cent holding in Yantai City Commercial Bank, through which HSBC indirectly owns a 12.428 per cent.
***This refers to the date HSBC received approval to establish the joint venture.
Data as of March 2009. Invested amounts are approximate values.
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