In April of 2010 HSBC Holdings PLC re-affirmed that it is capitalizing on China’s fast-growing economy and a government-led campaign aimed at expanding rural financial services to ramp up its business...

In April of 2010 HSBC Holdings PLC re-affirmed that it is capitalizing on China’s fast-growing economy and a government-led campaign aimed at expanding rural financial services to ramp up its business in the country. HSBC reported that it now has 99 outlets across 23 cities in mainland China, a sharp increase from fewer than 30 in mid-2006, a year before China fully opened its banking industry to overseas competition. In 2010, the U.K.