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HSBC sees strong growth in China
By Yang Zhen (chinadaily.com.cn)
Updated: 2009-03-11 13:55
Richard Yorke, president and CEO of HSBC China, said in the statement that the lender will continue its expansion in China and plans to add 1,000 new staff in 2009. HSBC currently has 5,500 employees in China. Despite its strong growth in China, HSBC reported a 70 percent decline in 2008 net profits to $5.73 billion on March 2 and proposes to raise $17.7 billion through a discounted rights issue.
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