LME mandates HSBC as its RMB concentration bank
Aug 19, 2015
HSBC isn’t the only one betting on China
Analysts at Fitch Ratings say Asia-Pacific banks' vulnerability rises as China’s growth is slowing and economists at multiple institutions cut GDP estimates for the country.
Fitch Ratings said it expects Asia-Pacific (APAC) banks to continue expanding their China business after a temporary slowdown in the second half of 2014, in a research note dated June 15. Indeed, HSBC has stated that its pivot strategy will hinge largely on a move to the Pearl River Delta region in South China.
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