Awards for Excellence 2008: Hong Kong

HSBC is still the best bank in Hong Kong and shows no sign of relinquishing its dominant position in its home market. The bank extended its lead over the competition when measured by profits – quite some feat given how far in front it already was. Profits before tax grew 42% in 2007 to HK$ 53.8 billion ($6.9 billion), more than double those of the nearest competitor.