Mgt 672 Module 10 Critical Thinking Hsbc In China (100 Points)

HSBC in ChinaAuthorDepartment, University Course code: Course title Instructor Due DateHSBC in ChinaHow has HSBC adapted its global strategy to operate in China, both before and after China’s WTO accession?The company’s strategy in its foundational years, and before the WTO accession involved close working relations with governments, commonly referred to as the B2G strategy (Grewal & Lilien, 2012). Hong Kong and Shanghai Banking Corporation (HSBC) is one of the largest financial institutions in the world with operations spread across Asia, Europe, North Africa, North America, and South America. The organization was established in 1865 by Thomas Sutherland to facilitate trade between Europe, India, and China. HSBC opened its first branch in China in March 1865 in Hong Kong, and in Shanghai a month later. HSBC issued banknotes and managed the British government assets in Hong Kong, acted as the main advisor of government on financial issues in Thailand and japan, and was the main public lender to China by 1876. It also helped to stabilize the Chinese currency after the First World War. Between the Second World War and the World Trade Organization (WTO) Accession,