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Armenia Participates In HSBC's "Trade Exchange" Event In China

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  • Armenia Participates In HSBC's "Trade Exchange" Event In China

    ARMENIA PARTICIPATES IN HSBC'S "TRADE EXCHANGE" EVENT IN CHINA

    / ARKA /
    June 28
    YEREVAN

    On Monday, HSBC Commercial Banking in Europe has launched its Trade
    Exchange event in Shanghai. HSBC has taken 30 of Europe's leading
    businesses to Trade Event, where European and Asian business leaders
    have gathered to explore the immense trade potential already evidenced
    in China, and discuss how European businesses can best redefine their
    business plans in a global context.

    HSBC Bank Armenia customer Norayr Khachatryan, IMEX Group President
    (IDEAL System store chain) represents Armenia in the Trade Exchange
    event in Shanghai. IMEXGroup has been chosen by HSBC Commercial Banking
    in Europe as a fast growing company well-placed to expand into China.

    The delegates include businesses across Europe who are either already
    doing business with China and see more potential but don't know how
    to capitalize on it, or considering the opportunity seriously. The
    exchanging of information, advice and guidance will take place in
    the form of key note speeches from industry experts, organizations
    who specialize in helping businesses do business in China, as well
    as HSBC experts.

    "The Trade Exchange will bring together some of the best business
    thinkers and entrepreneurial leaders to help European businesses
    understand the way the world is changing and how they can benefit.

    HSBC Armenia is very pleased to provide this unique opportunity to its
    customers, enabling Armenian businesses to shift to a more globalised
    outlook and go beyond the boundaries of their domestic market", -
    said Astrid Clifford, Chief Executive Officer HSBC Bank Armenia cjsc.

    Survey conducted among HSBC Bank Armenia Corporate customers in 2010
    showed, that for 51 % of Armenian business entity China is the main
    trade partner.

    According to the official data, in recent years the Armenian-Chinese
    trade relations have significantly improved. Only in 2010 trade
    between the two countries amounted to about half a billion dollars.

    Growth was 44.4 percent in comparison with 2009. In the last three
    years trade turnover between the two countries doubled.

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