HSBC raising China bank state to 20% - Business - Evening Standard
       

HSBC raising China bank state to 20%

High Street bank HSBC will lift its stake in China's Bank of Communications to 20% as it seeks to increase its foothold in the crucial Chinese economy.

HSBC already owns 19% of BoCom but has more firepower to invest in businesses in Asia following this week's £12.6 billion rights issue.

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