"Our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong and the Pearl River Delta", said Gulliver, referring to the affluent industrialized region in Guangdong Province.
It reported net income of almost US$3 billion, swinging from a loss of US$617 million the previous year as revenue climbed 38 percent to US$13.2 billion.
"Our worldwide network continued to deliver strong growth in the third quarter", Gulliver said in a statement on Monday, "our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong and the Pearl River Delta".
Asia was the key growth driver in loans, insurance and wealth management, the bank said.
The bank's third quarter 2016 reported pre-tax profit came in at $843 million and adjusted revenue was at $12.8 billion.
The London-based global bank said pretax profit rose to $4.6 billion in the July-September period, a more than fivefold increase from $843 million a year ago.
As of 08:14 BST, HSBC's share price had given up 0.55 percent to 744.20p, underperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.28 percent lower at 7,483.90 points.
Analysts had expected the bank, which is listed in Hong Kong , London and NY , to report an increase in third-quarter pre-tax profit and revenue, helped by the continuous cost-cutting effort and a low base from a year ago.
On an adjusted basis, revenues rose 3% to US$13.03bn and pre-tax profit dipped 1% to US$5.44bn.
HSBC's latest financial statement showed once again the company's ability to pick itself up after the global financial crisis.
At a regional level, while Asia contributed the greatest revenue growth and 70% of group adjusted profit in the first nine months of the year, Europe contributed its second quarterly loss of the year.
Investors and analysts interpreted the results as another sign the bank's turnaround, which CEO Stuart Gulliver started in 2011 and accelerated in 2015, is gaining traction. Its results have also been boosted by the bank's cost-cutting programmes, and its increased focus on Asia.
Chief executive Stuart Gulliver, who will hand over to his recently promoted successor John Flint in February, said the bank had continued to make good progress with the strategic actions we set out in 2015, chief of which was a renewed push into China and Asia. Flint moves into the top spot after working as head of HSBC's retail and wealth management arm.
His Asian stint will be crucial for HSBC as he is likely to continue Mr Gulliver's so called "pivot" to the fast-growing continent.
This will help bolster the bank's CET1 ratio and will also support further share buybacks, which has buttressed its share price in recent months.
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RT will still be able to run its Twitter account and tweet organically as long as they abide by the terms and conditions. Those Russian efforts have been continuing as the US heads into the 2018 congressional elections, the senators said.
The Super Nt is Analogue's $190 update of the Super Nintendo that adds support for HDMI and full HD 1080p without introducing lag. We can't forget the Super Mario World lime green 3DS and for Metroid fans, there was a special 3DS for you as well.
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Australian Govt loses majority after court ruling
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Trump's UK Trip Downgraded After Pushback
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