If at first you don’t succeed, try again and again. Then cross your fingers and hope a fourth iteration does the trick. Banks around the world will be watching to see if HSBC
can thrive where others have repeatedly struggled, namely with a Chinese joint venture.
Last week, UK-based HSBC announced plans to tie up with Shenzhen Qianhai Financial Holdings — the strategic investment platform of the Shenzhen Qianhai financial reform zone. This week, in a neat piece of symmetry, CICC
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