HSBC bank China and the UK test HSBC Bank divided loyalties in Hong Kong — Quartz – If HSBC Bank were to spin off its China operations, it wouldn’t be the first bank to reconfigure its ties due to a changed political situation. In the 1980s, the British banks Barclays and Standard Chartered pulled out […]
HSBC PMI HSBC will no longer provide one of the best gauges of China’s economy – Quartz – but hopefully someone else will step up to do the sponsorship instead. The HSBC PMI measure was the most reliable economic measure coming out of China that was wasn’t skewed by state-owned enterprises (SOEs). SOEs get easy state […]
Alibaba lost ambition Two interesting things have come out today on Alibaba: Alibaba moves closer to home with Hong Kong dual-primary listing | Financial Times – this is interesting because it implies that Alibaba either couldn’t remain in the US stock exchange with the new Chinese tiered data enterprise ruling: China plans three-tier data strategy to […]