Fifty-six percent of midsize U.S. companies operating overseas plan to boost their international revenue targets this year, according to HSBC's second annual survey. That optimism comes despite less-than-encouraging recent results: Just 52% of the respondents said their international business revenue had grown more rapidly than their domestic business revenue over the last 12 months, down 15 percentage points from the 67% who said so in last year's survey.

But Chris Davies, senior executive vice president and head of commercial banking for HSBC – North America, argues that 52% is "a positive figure."

"The fact that even in these times of global economic pressure, companies are reaching outside of domestic markets, that's a sign of the resilience of global trade," Davies says. He notes that for the second year in a row, the executives surveyed cited China, India and Brazil as the markets with the greatest potential for growth.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.