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HSBC Suspends HK, SG Independent Asset Mgmt Biz: Report
Recommend 13 Positive 22 Negative 16 |
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HSBC HOLDINGS (00005.HK) has decided to suspend its independent asset management business in Hong Kong and Singapore, due to business strategy considerations, according to Sing Tao Daily. However, HSBC HOLDINGS' global private banking department will continue to provide wealth management services to single and joint family office clients. AAStocks Financial News |
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