HSBC discloses Q3 report

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FE Report The HSBC has reported pre-tax profits in Hong Kong and rest of Asia-Pacific combined up 17 per cent year to date (YTD) as revenues grew 13 per cent in the third quarter of 2011. It also reported pre-tax profits in Rest of Asia-Pacific up 31% YTD as revenues grew 20% in the same period. Peter Wong, Chief Executive of HSBC Asia-Pacific, said: "These results show HSBC remains steadfast and profitable in its Asian heartlands at a time of increasing global uncertainty. I believe our unique footprint and our strategic focus on trade, wealth management and capital flows will position us well for continued success as we connect our customers to opportunities in the world's faster growing economies."