HSBC was named the Best Overall International Bank for the Belt and Road Initiative (BRI) in the 2019 Asiamoney New Silk Road Finance Awards, demonstrating the Bank’s success in delivering on its strategic commitment to the BRI. This is the second time HSBC has won the title, since the award was launched in 2017.
Mukhtar Hussain, Head of Belt and Road Initiative and Business Corridors, Asia-Pacific, HSBC, said: "HSBC is delighted to be recognised by Asiamoney as the Best Overall International Bank for BRI. This award demonstrates our strategic commitment to supporting our clients as they seek opportunities created by the BRI, as well as the advantages provided to our clients by HSBC's leadership among international banks in mainland China, global network and universal banking model."
Mr Hussain, a Group General Manager, was appointed to the role in April 2018, making HSBC the first international bank to appoint a Head of BRI. The Bank then outlined its strategic ambition to be the leading bank for the BRI in its June 2018 Investor Update.
“Our BRI strategy and capabilities are fully aligned with the vision for BRI 2.0 that China’s leaders set out at the Second Belt and Road Forum for International Cooperation in April. We believe China’s clear commitment to a transparent, inclusive and sustainable BRI in partnership with more than 100 other countries will create a wealth of opportunities for our clients in China and across the world – and we look forward to continuing to support their BRI ambitions,” Mr Hussain added.
HSBC was named Best Bank in the 2019 Asiamoney New Silk Road Finance Awards in the following categories:
- Best Overall International Bank for BRI
- Best Bank for BRI-related Financing in the Region (Middle East & Africa)
- Best Bank for Infrastructure/Project Finance in the Region (South Asia)
- Best Bank for Infrastructure/Project Finance in the Region (Southeast Asia)
HSBC is delivering on its BRI strategy. Its presence in 66 countries and territories covers 90 per cent of global Gross Domestic Product, trade and capital flows.
HSBC’s success with this award follows the announcement in June this year that the Bank had ranked #1 overall for the eighth year in a row in Asiamoney’s Global RMB Poll, as well as that it had been recognised by Euromoney as the leading sustainable finance house globally and Asia in 2019.
