HSBC has for more than 150 years been a force in banking in Greater China – its initials stand for The Hongkong and Shanghai Banking Corporation Limited. The London-based bank's troubles were initially sparked by its role in a high-profile US case against Huawei's chief financial officer. Beijing was enraged that the bank had provided information in 2017 about Huawei to the US.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3w0Dytz
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