hsbc-makes-it-easier-to-do-business-overseas

HSBC makes it easier to do business overseas

HSBC opens a commercial international banking centre in Singapore that enables customers to set up corporate bank accounts with any HSBC overseas office.
On Wednesday, HSBC opened its Commercial International Banking Centre Commercial IBC that offers small- and medium-sized enterprises, or SMEs, a single point of contact for their international business banking needs.

That means businesses can set up cross-border accounts from Singapore without having to travel overseas. The Commercial IBC also caters to foreign companies keen to trade or set up operations in Singapore. The idea is that customers need only liaise with the relationship managers at the Commercial IBC to establish banking relationships they need with HSBCÆs overseas offices.

According to the 2007 SME Development Survey by DP Information Group, the number of Singapore SMEs doing business overseas has been growing steadily over...
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