HSBC HOLDINGS Further Expands Mainland Biz; Sets up 24 China Desks
Stuart Gulliver, chief executive officer of HSBC HOLDINGS (00005.HK) -1.550 (-1.855%) 
Short selling $345.90M; Ratio 13.050% , said in 2017 results announcement that the Group’s business mix is more oriented towards Asia, improving its ability to channel the economic and social changes taking place within the world’s fastest growing region.
The bank continued to expand its presence in mainland China with the launch of new retail banking products and increased lending in the Pearl River Delta.
HSBC now have a total of 24 China desks aimed at supporting Chinese businesses with global outbound ambitions, 20 of which are along the ‘Belt and Road’ routes.
Short selling $345.90M; Ratio 13.050% , said in 2017 results announcement that the Group’s business mix is more oriented towards Asia, improving its ability to channel the economic and social changes taking place within the world’s fastest growing region.The bank continued to expand its presence in mainland China with the launch of new retail banking products and increased lending in the Pearl River Delta.
HSBC now have a total of 24 China desks aimed at supporting Chinese businesses with global outbound ambitions, 20 of which are along the ‘Belt and Road’ routes.
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