Hong Kong

Best bank
HSBC Best equities house
UBS

Best debt house
HSBC

Best M&A house
Morgan Stanley

HSBC dominates Hong Kong?s banking market. Even excluding subsidiary Hang Seng Bank, HSBC is the largest bank in the debt market, the largest provider of trade services, largest in Hong Kong cash management and payment services, and the largest sub-custodian and fund administrator. Over 70% of Hong Kong?s adult population holds an account with HSBC.

Despite its size, HSBC increased operating profit from Hong Kong in 2003 and grew its loan book by 8.3%.