HSBC Bank China has a registered capital of Rmb8 billion, just under $1 billion bringing HSBC's total investment to $5 billion.
Previously, the bankÆs branches in China were part of the Hong Kong and Shanghai Banking Corporation, which is incorporated in Hong Kong, and thus not treated on a par with mainland banks. The Hong Kong and Shanghai Banking Corporation is the founding and principal member of HSBC Group, according to the press release which announced the news.
As a result of that earlier status, the rate...
