20-04-2016 01:54 via news.yahoo.com

HSBC in charm offensive to woo China skeptics

By Lisa Jucca and Sinead Cruise HONG KONG/LONDON (Reuters) - Battling against skeptical Western investors, HSBC, is on a mission to explain why its push into a slowing China is good for the global bank’s future growth. HSBC which reported flat annual pre-tax profit in 2015, is betting that the Pearl River Delta region in southern China is succeeding in rapidly upgrading its economy from low-value manufacturing to high-growth industries, creating big opportunities to provide banking service
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