DHAKA, Nov 6, 2023 (BSS) - The Hongkong and Shanghai Banking Corporation
Limited (HSBC) in Bangladesh has recently organised a corridor event titled,
"Japan - Bangladesh Business Corridor: Legacy and the Future" for its
Japanese stakeholders.
 
The event aimed to celebrate the longstanding relationship and strengthen the
business engagement between the two countries. Dignitaries from Japanese
businesses operating in Bangladesh and other stakeholders graced the event.

Since Bangladesh's independence, Japan has established itself as a major
bilateral development partner of the budding nation. The multi-faceted
relationship encompasses trade, investment, infrastructure development,
industrialisation support as well as improvement of country's social
development indicators, said a press release.

HSBC recognises the importance of the role that Japan has played in this
process and the potential as yet untapped.

In his opening remarks, Gerard Haughey, Country Head of Wholesale Banking,
HSBC Bangladesh, set the context of the event by highlighting the evolving
relationship between Japan and Bangladesh especially when seen through the
lens of the ongoing trade and investment engagements.

He also emphasised HSBC's strong coverage of the Japan-Bangladesh corridor
over the years and said, "Bangladesh's rapid growth offers opportunities for
Japanese investors. We stand ready to connect you to a world of
opportunities".

Hirotaka Shibata, Director, Commercial Banking, HSBC Japan highlighted HSBC's
footprint in Japan and how that plays to the potential Japanese investors'
requirement to provide 'local' connection and knowledge at both ends of the
investment journey.

He said, "HSBC Japan considers Bangladesh as a priority corridor and are
closely working together with HSBC Bangladesh to make sure to provide best
available services to the clients".

As the leading international bank, HSBC has evident expertise in trade,
payment, cash management and project financing support services in the
country. The bank's strong presence in 62 countries has elected it as the top
choice among the foreign businesses, including the Japanese stakeholders
operating in Bangladesh.

With its digital banking capabilities, it has become the go-to bank for the
inbound Japanese companies including both infrastructure and private sector
investments clients and stakeholders.