President Ferdinand Marcos Jr. on Tuesday commended the Hongkong and Shanghai Banking Corp. (HSBC) for its 150 years of enduring commitment to the Philippines, citing the bank’s role in strengthening financial stability, supporting enterprises, and improving the lives of Filipinos.

“As we gather tonight, we celebrate yet another milestone in the long history of the Hongkong and Shanghai Banking Corporation (HSBC) in the Philippines, as well as the enduring partnership among the public sector, private sector, and the Filipino people,” President Marcos said during HSBC’s 150th Anniversary Gala Night in Taguig City.

“For generations, this collaboration has helped shape our national story, reminding us that progress is built when all sectors move with a shared vision,” the President added.

Marcos emphasized that since HSBC opened its first branch in Binondo in 1875, the bank has played a key role in supporting the country’s trade, infrastructure, and enterprise, reinforcing the economic foundations that enable Filipinos to build better lives.

As HSBC continues to evolve amid a rapidly changing global landscape, the President expressed confidence that the bank will remain committed to offering more inclusive, secure, and accessible financial services to Filipinos.

Marcos highlighted HSBC’s strong support for government initiatives, including its participation in recent bond issuances such as the SEC-registered USD3.3-billion equivalent dual-currency global bond offering, which has enabled vital public programs to continue despite challenging times.

“These programs—whether on infrastructure, education, or social protection—directly benefit our people, especially those who rely on stable public services,” President Marcos said.

The Chief Executive further cited HSBC’s efforts to benchmark borrowing costs, promote secure investments for savers, and guide global investors toward Philippine enterprises.

The President also recognized the bank’s active role on global platforms, such as the 2023 United Nations Climate Change Conference (COP28), demonstrating its commitment to sustainable development and climate resilience.

“In a country often at the mercy of storms, floods, and rising seas, engaging in climate discussions is necessary to protect lives and secure our future,” Marcos said.

The President also lauded HSBC’s collaboration with government agencies, such as the Board of Investments and the Philippine Economic Zone Authority, to create jobs, expand training programs, and provide opportunities for Filipino workers. Presidential News Desk