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HSBC going solo on China card issue a boost to group's expansion

Published Tue, Mar 8, 2016 · 09:50 PM

Hong Kong

HSBC Holdings plc winning approval to start a credit-card business in China's US$1 trillion market offers chief executive officer Stuart Gulliver added flexibility in his push into the nation's retail banking and wealth-management industries.

The approval from Chinese authorities came as HSBC ended a card venture with Bank of Communications Co, said the bank's Asia- Pacific head Peter Wong, paving the w…

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Companies & Markets

HSBC going solo on China card issue a boost to group's expansion

Banking & Finance

Keppel posts 6.3% drop in revenue to S$1.5 billion in Q1; net profit rises excluding legacy O&M assets

JPMorgan talking with investors about two synthetic risk transfers

HSBC says growing Chinese wealth fuels client investments in US

Money laundering accused Su Baolin to plead guilty after being handed 3 more charges

UBS flags 'serious' concern about new Swiss capital requirements

OCBC should put its properties into a Reit and distribute the trust’s units to shareholders

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