The HyQ tower, in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, is the bank’s first wholly owned building in southern China and involved an investment of more than 4 billion ...

HSBC bought the building from New World Development in ... southern mainland cities - along with Hong Kong and Macau - that Beijing would like to be a globally competitive economic zone by 2035.

HSBC has unveiled plans to slash chunks of its ... The lender has been under fire ever since it supported a Beijing-backed authoritarian crackdown in Hong Kong in 2020. The latest strategy shift ...

In response, Beijing has ramped up its efforts to bolster manufacturing and domestic tech in a bid to modernize its economy and remain globally competitive. HSBC is "very positive" about the mid ...