The outcome is a win for the bank in its fight with its largest stakeholder, the Chinese insurer Ping An, which argues HSBC isn’t taking full advantage of its profitable Asia unit.
Category: China
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Even as China Reopens, Security Visits Spook Foreign Businesses
Fears are growing that the Communist Party’s increasing focus on control over information about markets and companies is behind the questioning of firms.
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Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece
The global bank’s biggest shareholder, the giant Chinese insurer Ping An, wants HSBC to spin off its profitable Asian operation.
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Congress Clashes With Biden Over Tariffs on Illegal Chinese Solar Panels
In a rebuke to the Biden administration, the Senate approved a measure to reinstate tariffs on solar panels found to violate U.S. trade rules.
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In China, It’s Time to Splurge Again, and the Luxury Industry Is Relieved
The end of pandemic-era restrictions has unleashed a luxury spending rebound in China. Which Western brands are coming out on top?
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China Is Cracking Down on Bankers. Here Are Some of the Targets.
As Xi Jinping and the Communist Party further exercise control over the economy, the financial sector is coming under close scrutiny.
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China’s Search Engines Have More Than 66,000 Rules Controlling Content, Report Says
Researchers from the Citizen Lab, a cybersecurity research group, found that the most diligent censor in China is Microsoft’s search engine Bing, the only foreign search engine operating in the country.
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China Says Chatbots Must Toe the Party Line
The Communist Party outlined draft rules that would set guardrails on the rapidly growing industry of services like ChatGPT.
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China Says Chatbots Must Toe the Party Line
The Communist Party outlined draft rules that would set guardrails on the rapidly growing industry of services like ChatGPT.