How can I invest in HSBC Australia?

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Request for Question Clarification by robertskelton-ga on 08 Apr 2003 17:50 PDT

Do you want to buy shares in HSBC, which is a global corporation, or
do you want to open an investment account with them?

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Clarification of Question by mcmelbourne-ga on 08 Apr 2003 18:15 PDT

I am interested in investing in HSBC Bank Australia - I think a
subsidiary of HSBC (saw from a news article). I have not invested in
shares before so I don't know how I'd go about this, how muhc they
cost, whether I am eligible, etc. Thanks

Hi there,

About the HSBC
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HSBC is one of the largest international banking and financial
services groups in the world, with major personal, commercial,
corporate and investment banking
and insurance businesses operating in Europe, the Asia-Pacific region,
the Americas, the Middle East and Africa.

The Group’s name is derived from one of its principal members, The
Hongkong and Shanghai Banking Corporation Limited, which was
established in Hong Kong and Shanghai in 1865.

With listings on the London,Hong Kong, New York and Paris stock
exchanges, shares in HSBC Holdings plc are held by around 200,000
shareholders in some 100 countries and territories. The HSBC Group,
headquartered in London, has more than 6,500 offices in 78 countries
and territories.
http://www.hsbc.com.hk/pdf/corp/auh.pdf

Current share prices for HSBC:
http://www.hsbc.com/code/tools/site/Renderer.jhtml?cp=/public/groupsite/investor_centre/shareholder_information/en/hsbc_share_price.html&bu=groupsite&toolName=investor_centre&&isPc=true&bt=&pId=c6c101c1-ec1e-11d6-bc4f-080020c629df

They are not listed on the Australian Stock Exchange. The easiest way
for you to acquire HSBC shares is via Commonwealth Securites, a
division of the Commonwealth Bank. They have a way for you to buy
shares on the Hong Kong exchange. I used them to make my very first
share purchase, and I found them to have relatively low fees, and easy
to understand procedures.
http://www.comsec.com.au/LearningCentre/Frame.asp?Filename=USSharesMoneyMkt.htm
(click on Hong Kong Shares)


Search strategy: I browsed hsbc.com and hsbc.com.au and comsec.com.au


Best wishes, 
robertskelton-ga