HSBC misses RMB business target for 2017

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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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