HSBC

Survey: Manufacturing Growth Highest in Two Years

China’s factory sector growth reached a two-year high in January, according to a preliminary survey released on Thursday, as the economy continues to demonstrate signs of a rebound. From Reuters: The HSBC flash purchasing...

U.S. Looking into China’s Business With Iran

Following its investigations of HSBC and Standard Chartered in recent weeks, U.S. prosecutors now say they have discovered evidence that Chinese banks may have played a role in transferring money to Iran. From The New York...

China to Relax Rules on Foreign-Owned Rural Banks

From Bloomberg: China plans to make it easier for foreign banks such as HSBC Holdings Plc to set up rural operations as the government seeks to boost funding for farmers, said two people with knowledge of the matter. Overseas...

China May Let Multinationals List – BBC News

From BBC News: Shanghai’s stock exchange says it is considering allowing big multinational companies to list shares. China’s largest exchange may permit companies such as HSBC, Coca-Cola and Siemens – which have large business operations in the country – to trade. Que Bo, assistant general manager of Shanghai’s exchange said it was doing market research […]

HSBC to Launch Its First Rural Bank in China – Fu Tao and Wang Zhen

From Caijing.com.cn: The Hongkong & Shanghai Banking Corp. (HSBC) received approval from China Banking Regulatory Commission(CBRC) to launch a small-sized rural bank in Hubei Province , the first rural bank established by overseas lender. This is HSBC’s second wholly-owned branch in China’s mainland after HSBC China was established in Shanghai. Vincent Cheng, Chairman of The […]

Loading
Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.