Delegations from the two Gulf states will visit later this year to discuss cooperation that would enhance Hong Kong’s role as an offshore yuan hub, says Hong Kong Monetary Authority CEO Eddie Yue.
Despite its roots in the region, HSBC’s Asian woes have sometimes seemed endemic. It has been overly dependent on Hong Kong and too often caught in Sino-US crosshairs. But under co-CEOs Surendra Rosha and David Liao, the lender has regained its confidence, is more regionally diverse than ever, and is busy posting record profits.
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