HSBC comes out fighting against ‘groundless’ rumours targeting its China business

After a series of attacks by Chinese media and netizens on HSBC’s business culminating in one report suggesting it may be forced to exit the world’s second-biggest economy, the bank came out swinging on Friday.The London-headquartered bank pushed back against “groundless” rumours casting doubt over about the future of its mainland China business on social media platform WeChat after it announced this week it would resume 35,000 planned job cuts globally.The bank, which is based in London, but…

Read the original article at South China Morning Post