 During his Chairmanship HSBC invested over $3 billion in China by buying 20% stakes in Bank of Communications and Ping An Insurance, as well as investing in HSBC's proprietary branch network.He chaired both the China Development Forum and the Mayor of Shanghai's International Business Leaders' Advisory Council and joined the Advisory Board of Tsinghua School of Economics and Management.Bond led HSBC to devoting considerable resources to corporate social responsibility, recognising the bank's responsibilities to the environment and the communities in which it operates.