HSBC China opens Changsha branch, extends network to 62
HSBC Bank (China) Company Limited’s Changsha Branch officially opens today (February 28), making HSBC the first foreign bank to enter China’s central Hunan Province, of which Changsha is the capital. With the new branch, the Bank’s Mainland network now encompasses 62 outlets including 17 branches and 45 sub-branches across 17 major cities, with a total staff complement of more than 4,800 people.
Richard Yorke, President and Chief Executive Officer of HSBC China, said: “Growing our geographic footprint is an important part of our China strategy.
We are pleased to open a branch in Changsha – an important centre for culture and industry in central China. Being the first foreign bank in Hunan Province, HSBC looks forward to supporting our customers and local economic development through our international financial services.”
– www.theasianbanker.com (February 29 2008)–