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HSBC sets up Communist Party group in Chinese investment bank unit
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HSBC has set up a Chinese Communist Party committee within its investment banking unit.
The move which sets up the group within its China investment bank, HSBC Qianhai, was reported by the Financial Times and makes HSBC the first foreign bank to roll out a measure which is a requirement in Beijing but which is yet to be widely enforced among foreign financial services firms.
It...
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