HSBC Holdings Plc’s decision to move Chief Executive Officer Michael Geoghegan and three more top bankers to Hong Kong from London may force Standard Chartered Plc to follow its example, money managers and analysts said.
Geoghegan moved to Hong Kong this month, joining Sandy Flockhart, chairman of personal and commercial banking. Standard Chartered CEO Peter Sands, [...]
China’s manufacturing sustained rapid growth in November, shored up by the country’s strengthened economy and improved profit margins among producers, according to a pair of definitive indexes released Tuesday.
An index produced for HSBC, based on a poll of purchasing executives in manufacturing, hit a record high of 55.7 in November, while a parallel official index [...]
The Hong Kong Shanghai Banking Corporation (HSBC) launched trade transaction service with Chinese currency Renminbi here, makes Indonesia the sixth country in ASEAN countries enjoying the service, a senior HSBC official said here on Wednesday.
China will continuously play an important role as the main trade partner for Indonesian businessmen. “The Chinese government’s policy to allow [...]
HSBC Holdings is preparing to boost its China presence about 20 percent next year, as it ramps up for an IPO in one of its fastest growing markets, a top company executive said.
The Europe’s biggest bank wants to open 15 to 20 new branches in China next year pending regulatory approval, up from the 90 [...]
China’s economic growth would exceed 10 percent in the fourth quarter due to climbing export orders and increasing domestic consumption, according to a report issued by China Construction Bank (CCB) Tuesday.
The report said China’s full year economic growth would reach 8.3 percent, compared with Asian Bank’s forecast of 8.2 percent in September and HSBC’s 8.1 [...]
Citi China opened its third lending company in China yesterday to cater for the rising need for credit in rural areas.
Dalian Wafangdian Citi Lending Co Ltd in the northeastern Liaoning Province has a registered capital of 17 million yuan (US$2.5 million).
“China remains one of Citi’s highest priority markets around the world,” said Stephen Bird, chief [...]
