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HSBC "respects and supports all laws that stabilise Hong Kong's social order," it said in a post on social media in China. The major boost to Britain's largest bank came amid turmoil on its role in two US-led investigations involving a prominent exec for the world's leading IT telecoms provider and a scandal involving financial fraud in Hong Kong, according to reports. PDF HSBC appoints John Flint to succeed Stuart Gulliver as Group Chief Executive Three stabbed to death in France 'terror attack', US alters passport ruling for Jerusalem births, 'My sister lives on in a video game' Video'My sister lives on in a video game', Light pollution's wasted energy seen from space, The Countdown: YouTuber talks kindness with Naomi Biden, Fundraiser for unwitting Borat star raises $110,000, End Sars protests: 'I felt I was going to die' VideoEnd Sars protests: 'I felt I was going to die', Joe Biden: 'Well, we just voted' VideoJoe Biden: 'Well, we just voted', Old men, chocolate and Ivory Coast's bitter election, Lily Allen: 'Masturbating in a relationship isn't wrong', Coral reef taller than Empire State Building found, .css-orcmk8-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;-ms-flex-pack:justify;justify-content:space-between;}France attack: Three killed in 'Islamist terrorist' stabbings.css-1dedj2h-Rank{-webkit-align-self:center;-ms-flex-item-align:center;align-self:center;color:#B80000;margin-left:3.125rem;}1, The Countdown: Kellyanne Conway, Miles Taylor and the speculation game2, Labour suspends Jeremy Corbyn over reaction to anti-Semitism report3, Dogs are humans' oldest companions, DNA shows4, US election 2020 polls: Who is ahead - Trump or Biden?5, US alters passport ruling for Jerusalem births6, Spotify and Joe Rogan under fire over Alex Jones role7, Borat fundraiser for film's black grandmother raises $110,0008, CEO Secrets: The aviation workers starting new businesses9, Wisconsin Republicans say hackers stole $2.3m10. A compilation of headlines run by the Global Times, a Chinese state-owned media outlet that has repeatedly attacked HSBC over the past year. The lender acts as a major business conduit between China and the West but that has left it more vulnerable than most to the crossfire of the increasingly bellicose relationship between the superpowers. PDF does not correspond with the subject of the post; promotes hatred and discrimination on racial, ethnic, sexual, religious or social basis or violates the rights of minorities; violates the rights of minors, causing them harm in any form, including moral damage; contains ideas of extremist nature or calls for other illegal activities; contains insults, threats to other users, individuals or specific organizations, denigrates dignity or undermines business reputations; contains insults or messages expressing disrespect to Sputnik; violates privacy, distributes personal data of third parties without their consent or violates privacy of correspondence; describes or references scenes of violence, cruelty to animals; contains information about methods of suicide, incites to commit suicide; pursues commercial objectives, contains improper advertising, unlawful political advertisement or links to other online resources containing such information; promotes products or services of third parties without proper authorization; contains offensive language or profanity and its derivatives, as well as hints of the use of lexical items falling within this definition; contains spam, advertises spamming, mass mailing services and promotes get-rich-quick schemes; promotes the use of narcotic / psychotropic substances, provides information on their production and use; contains links to viruses and malicious software; is part of an organized action involving large volumes of comments with identical or similar content ("flash mob"); “floods” the discussion thread with a large number of incoherent or irrelevant messages; violates etiquette, exhibiting any form of aggressive, humiliating or abusive behavior ("trolling"); doesn’t follow standard rules of the English language, for example, is typed fully or mostly in capital letters or isn’t broken down into sentences.

One of the reasons HSBC is so dependent on China is that it no longer has viable returns in other markets, according to analysts. HSBC completes its first trading deal under Bond Connect HSBC launches digital onboarding sign-ups to draw small business owners in China PDF HSBC China becomes the first international bank to distribute QDLP in mainland China, HSBC to acquire remaining 50% stake in its life insurance joint venture in China, HSBC China among first banks to trade RMB IRO in China’s interbank market, HSBC appoints Mark Wang as Chief Executive Officer China, HSBC unveils first International Banking Centre in mainland China, HSBC supports first GDR conversion under Shanghai-London Stock Connect Scheme, HSBC launches first digital credit card in mainland China, HSBC unveils first Jade Centre in mainland China, HSBC completes first cross-border letter of credit blockchain transaction in China, HSBC becomes first foreign bank to offer futures margin depository services for iron ore futures trading in China, HSBC appoints new Co-Chief Executives to accelerate growth in Pearl River Delta, HSBC launches digital onboarding sign-ups to draw small business owners in China, HSBC Helps Asset Manager Become First RQFII Licence Holder In Ireland, HSBC's newest China Desk to support growing China-Israel technology, infrastructure ties, HSBC launches mobile tuition payment service for Chinese students overseas, HSBC among first to join China's enhanced RMB cross-border payment system, HSBC completes first RMB remittance for Chinese working abroad, HSBC opens newest China Desk in Poland to capture Belt and Road opportunities in Central, Eastern Europe, HSBC launches mobile collections service to help corporates tap into Chinese consumers’ e-wallets, HSBC to help combat climate change with a $100 billion boost for sustainable financing, Shenzhen leads innovation in China, new report shows, HSBC is first foreign bank approved as joint lead underwriter for Panda bond issuance in CIBM by non-financial corporates, HSBC appoints John Flint to succeed Stuart Gulliver as Group Chief Executive, HSBC completes its first trading deal under Bond Connect, HSBC receives CSRC approval to establish majority-owned joint venture securities company with Qianhai Financial Holdings, HSBC completes first RMB FX derivatives deal with a CIBM foreign investor, The Middle East’s path to a sustainable future, ESG investing remains key during COVID-19, Shanghai Administration for Industry & Commerce.
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Meanwhile, Japanese investment bank Nomura said it was reviewing the scale of its operations in Hong Kong.
While HSBC moved its headquarters to London in 1993, Hong Kong is still its biggest market. Since you already shared your personal data with us when you created your personal account, to continue using it, please check the box below: If you do not want us to continue processing your data, please click here to delete your account. The lender acts as a major business conduit between China and the West but that has left it more vulnerable than most to the crossfire of the increasingly bellicose relationship between the superpowers. The news comes after HSBC's Asian wing plummeted to 25-year lows after the BBC reported the US Treasury's Financial Crimes Enforcement Network (FinCEN) had accused the bank of money laundering funds in Hong Kong, among others. "At the end of the day, I'm a banker, not an economist or a politician. It's not entirely clear how and whether China would retaliate against HSBC, though media in the country has. The tensions are already clouding the bank's image with investors, said Fahed Kunwar, an equity analyst at Redburn who covers HSBC.


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