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HSBC makes £10bn bet on Hong Kong as ‘super-connector’ for China and west

09.10.2025 15:16 | The Guardian World

Deal will mean Hang Seng Bank’s shares are taken off local stock exchange as HSBC doubles down on Asian businessBusiness live – latest updatesHSBC is shelling out £10bn to take its Hong Kong subsidiary private, in a move it said was designed to take advantage of the financial hub’s role as a “super-connector” between China and global markets.The deal will result in Hang Seng Bank’s shares being taken off the local stock exchange as London-headquartered HSBC doubles down on its Asian business and snaps up the 36.5% of shares it does not already own. Continue reading...

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