This report provides a comprehensive analysis of HSBC's international business operations. It begins with an introduction to HSBC, detailing its global presence, services, and historical background, including its evolution and key milestones. The report then evaluates HSBC's activities, focusing on the impacts of trade wars and China's financial policies on the bank's performance. It further examines the development of HSBC's international business over time, including its expansion strategies, acquisitions, and adaptation to global market dynamics, such as the Uppsala model. The construction of HSBC's value chain is explored, emphasizing how the bank connects with opportunities in a responsible and sustainable way. The report concludes with recommendations based on the analysis, drawing on the challenges and opportunities faced by HSBC in the international market. The analysis incorporates relevant concepts from international business, highlighting the challenges and strategies of multinational enterprises in a turbulent global environment.