HSBC Expands Green Finance and Bond Teams in China Amid Geopolitical Uncertainties
Portfolio Pulse from Anusuya Lahiri
HSBC Holdings, Plc (NYSE:HSBC) is expanding its green finance and bond teams in China, despite geopolitical uncertainties. This follows the acquisition of Hong Kong-based Green Transition Partners in January. The bank is planning to grow its asset and wealth management in China, including launching new teams dedicated to green assets and fixed income in 2023. HSBC is also considering offering carbon-offsetting products to customers. The bank's shares traded higher by 0.76% at $40.40 on the last check Thursday.
July 13, 2023 | 3:43 pm
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HSBC is expanding its operations in China, focusing on green finance and bonds. This could potentially increase the bank's revenues and profitability in the long term.
HSBC's expansion in China, particularly in the green finance and bond sectors, indicates a strategic move to tap into the growing market. This could potentially increase the bank's revenues and profitability in the long term, which would likely have a positive impact on its stock price.
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