HSBC plans more branches
By Wang Zhenghua | China Daily | Updated: 2008-04-01 07:45
SHANGHAI: HSBC, Europe's largest lender, said yesterday it will open branches in China as soon as it gets the green light from the authorities, and expand its headcount by more than 50 percent before the end of this year.
Celebrating its first anniversary of local incorporation, HSBC, which holds a stake in Bank of Communications, said it will add 2,000 to 2,500 staff members to its current 4,900 in China, which is already double the number of March 2007.
The bank has also increased its outlets from 35 to 66 in the past year, up over 80 percent.
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