HSBC reaches deal to buy out China fund management partner

HSBC reaches deal to buy out China fund management partner

FILE PHOTO: HSBC's logo is seen on its headquarters in Hong Kong, China August 4, 2020. REUTERS/Tyrone Siu

HSBC has agreed to buy out its China fund management joint venture partner, two people familiar with the matter said, as the Asia-focused bank pushes ahead with expansion in the world’s second-largest economy.

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