HSBC misses RMB business target for 2017

By Paolo Danese
21 Feb 2018

HSBC's annual results show the bank's focus on RMB business has yet to translate into revenue growth.

HSBC managed to pull off a 142% rise in pre-tax profits, it revealed when publishing its annual results on Tuesday. Unsurprisingly, the bank emphasised the crucial position of China — and Asia more broadly. The region now accounts for 75% of HSBC's profits, making it crucial to the long-term ...

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