Peter Wong to be new chairman of HSBC Bank China

Peter Wong takes over the role Vincent Cheng vacated in May, as chairman of HSBC China.

Peter Wong to be new chairman of HSBC Bank China

HSBC has appointed Peter Wong as chairman of its fully owned subsidiary HSBC Bank China. He succeeds Vincent Cheng, who retired from this position at the end of May. HSBC has won regulatory approval for the appointment and it is effective immediately.

“China is the growth engine of the global economy and a key focus of our emerging markets strategy,” said Wong in a statement.

Of course, recent data suggests that...

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