Daily Briefing: HSBC China Excitement

[Joelle]

Daily Briefing: HSBC China Excitement
      

HSBC’s stock jumped nearly 4 percent in Hong Kong after reports it will try to raise its stake in China’s fifth-largest lender beyond the legally allowed 20 percent. An official from the Bank of Communications said the reports were misleading.  Both lenders had agreed when HSBC took a stake in the bank in 2005 [...]
         

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