HSBC confirms staff in China unit set up branch of Chinese Communist Party
HSBC Holdings Plc said employees had formed a branch of the Chinese Communist Party (CCP) within its securities brokerage unit in the country, following media reports on Thursday.
Exclusive: HSBC set to push back against Ping An breakup proposal
HSBC Holdings Plc (HSBA.L) is set to speed up its exit from non-core markets and deploy additional capital in Asia, in a bid to push back against a breakup proposal put forward by its biggest shareholder, two people with knowledge of the matter said.
