http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJOmfst0cs5M

China Listing

HSBC, which gained more than 17 percent of its profit from China last
year, may become one of the first foreign companies to be asked to list its
shares in China’s A-share market, Goldman Sachs Group Inc. analyst Roy
Ramos wrote in a note July 20. The A-share market includes shares of mainland
companies listed on the Shanghai or Shenzhen stock exchanges.

“The branding, advertising and positioning advantages of being one of the
first foreign-listed banks in China could be significant” and help increase
deposits, Ramos said.

The bank’s currency-trading capabilities in Hong Kong and China also make HSB
C “better placed than most” to gain from China’s plan to increase
international trade using the yuan, rather than the U.S. dollar, Ramos said.
New York-based Goldman Sachs advised HSBC on its rights offering.

To contact the reporter on this story: Jon Menon in London at jmenon1@
bloomberg.net