Press Room | HSBC
HSBC Launches BUSINESS without BORDERS - A Knowledge Exchange For U.S. Companies
12 September 2011
First-of-its-kind U.S. program combines useful tools, insights, opportunities and events for businesses seeking to grow internationally
HSBC Bank USA, N.A. (HSBC) has launched BUSINESS without BORDERS, a first-of-its-kind knowledge exchange for U.S.-based companies doing business internationally or aspiring to grow internationally. In the weeks and months ahead, BUSINESS without BORDERS will tap technology, world-class business content, shared first-hand experiences and face-to-face gatherings to connect, educate and inspire businesses of all sizes to take the necessary steps to expand and prosper in the global marketplace.
"International markets offer incredible growth opportunities for many U.S. businesses, but we know from our experience with small to large businesses that expansion across borders can be challenging unless you have the support of an experienced guide," said Mark Watkinson, Senior Executive Vice President, Head of Commercial Banking, HSBC - North America. "BUSINESS without BORDERS is our effort to provide that critical business guidance by encouraging open information exchange and providing companies access to the business intelligence, counsel and contacts needed to help them succeed in new markets."
At the hub of the exchange, HSBC is providing a Web-based knowledge portal designed especially for business and thought leaders interested in learning more about how business is conducted on a global scale. With a dedicated editorial staff, BUSINESS without BORDERS will offer incisive Web-accessible content, plus exclusive, premium content for those who register as members. To provide a wide range of timely and credible views, the portal will include specialized content from The Economist Intelligence Unit, The Wall Street Journal and Bloomberg Master Class. The portal will also include resources such as video testimonials from businesses that have successfully expanded internationally and access to corporate governance best practices, internationally recognized business customs and exchange rates.
To learn more about how global trade flows may impact a business or industry, members may use the portal to access a graphical global Trade Connections Tool developed by HSBC to view import and export flows between nearly 50 counties during the past decade. There is even a Global Opportunity Tool accessible through the portal to assist business leaders in identifying the best prospects for international expansion. The Global Opportunity Tool developed exclusively for BUSINESS without BORDERS by The Economist Intelligence Unit allows members to compare a variety of industry- and product-specific business metrics across 55 countries including, start-up costs and market demand.
To bolster the exchange's Web-based offerings, BUSINESS without BORDERS will also provide members access to international insight from HSBC and others through periodic themed-focused gatherings. The BUSINESS without BORDERS live event series seeks to help corporate and finance executives better understand the evolving international business landscape, as well as the many opportunities and challenges of doing business in expanding global markets. The live current event-driven sessions are designed to enhance the networking and educational opportunities available to knowledge network members who conduct business in internationally connected markets like Miami, New York City, Los Angeles, San Francisco and Houston.
Among the knowledge network live events planned for 2011 and early 2012:
- "Doing Business in Latin America" scheduled for Oct. 11 in Miami and Oct. 13 in New York City
- A global economic forecast session scheduled for Dec. 1 in Los Angeles largely based on HSBC Global Research's "The World in 2050" report
- A breakfast series in early 2012 in partnership with The Economist Intelligence Unit featuring select editors as keynote speakers.
For more than a century, HSBC, an institution founded in 1865 to finance the growing trade between China and Europe, has become widely recognized as a leading authority and trusted advisor on international trade and finance matters. The bank regularly produces the HSBC Trade Confidence Index, the broadest international survey of small to mid-sized businesses engaged in cross-border trade. Additionally, HSBC Bank USA, N.A. is a partner in the Export-Import Bank of the United States' Global Access for Small Business initiative.
BUSINESS without BORDERS is currently open to businesses nationwide.
To join BUSINESS without BORDERS, please visit www.businesswithoutborders.com. Connect to BUSINESS without BORDERS with Facebook or sign in with LinkedIn.
BUSINESS without BORDERS is on Twitter. Sign up to follow @BWoBUS
Notes to editors:
About HSC Bank USA, National Association
HSBC Bank USA, National Association, with total assets of $195.1 billion as of 30 June 2011 (US GAAP), serves around 4 million customers through its personal financial services, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 470 bank branches throughout the United States. There are over 370 in New York state as well as branches in Connecticut, Washington, D.C., Florida, New Jersey, Pennsylvania, Maryland, Virginia, California, Delaware, Illinois, Oregon and Washington State. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc., one of the nation's largest bank holding companies by assets. HSBC Bank USA, N.A. is a member of the FDIC.
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