HSBC open to boosting ownership in JV after China partner auctions stake

HSBC open to boosting ownership in JV after China partner auctions stake

FILE PHOTO: A Chinese national flag flies in front of HSBC headquarters in Hong Kong, China, July 28, 2020. REUTERS/Tyrone Siu

HSBC‘s is “open to opportunities to expand its businesses” in China after its local partner put a 31% stake in a joint venture on the block, the bank said on Tuesday.

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