HSBC shuts down Hong Kong-based trade startup Serai

HSBC shuts down Hong Kong-based trade startup Serai

People walk past a major branch of HSBC at the financial Central district in Hong Kong, China February 21, 2017. REUTERS/Bobby Yip

A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business, the London-headquartered bank said on Wednesday.

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