China Financial Daily

January 18, 2009

HSBC Bank

Filed under: Financial News — Tags: , — Nancy @ 8:59 am -0800

HSBC Bank is optimistic about China’s development, which reached a total investment of 12 billion U.S. dollars
Hexun hearing the news, according to Bloomberg News it was reported on January 18th, HSBC had the largest investment in China in foreign banks, and has always insisted on the good prospects of China’s economic development prospects. When the current financial crisis triggered the global economic recession, and its rivals sold with competing for investment in China, the HSBC Bank paid more attention to the Chinese market and is committed to maintaining foreign investment to China.

Bank of China and Construction Bank have been sold a large number, so if Bank of Communication will be reduced holdings by HSBC Bank?
The chief economist of Bank of Communication Lian Ping: I do not worry about HSBC to reduce holdings. For these two days, we tracked and reported that H shares of the Construction Bank and the Bank of China have suffered a large number of foreign strategic investors to sell. This also triggered the market for Bank of Communications and Industrial and Commercial Bank of China’s concern. ICBC investors’ stocks are still within the lock-up period.

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