Individual Assignment Write a short essay with word limit of 300 about the idea of investing into the stock the HSBC (0005). Suppose that you are a financial planner and Mr. Chan is your client. He has a saving of HK$100,000 and he would use it for paying the down payment of buying a flat in a three years' time. He intends to invest the money in HSBC because it is the most well-known bank in Hong Kong. In recent years, it has dropped from a high of around $70 to a low of $33 a share. Lately, it has come back a long way in the recent months. This remarkable bound back may indicate that its business is now turning around a corner. However, do you support the idea of investing around HK$100,000 into this company for 3 years? Do you think the current price of $44.9 (12th October, 2021) is attractive enough for Mr. Chan to jump in buying it? Why or why not? Explain your idea clearly. You must look at the prospective of the Hong Kong economy, the profitability of the banking industry, and the HSBC's competitiveness vis--vis its competitors. Also, you may choose to check its financial indicators, such as EPS, PE, Sales or other indicators you consider important over the last few years to show the recent financial strength of this company. The stock code of HSBC is 0005