SINGAPORE : HSBC Group CEO Noel Quinn said the outlook for China's troubled property sector had improved in January, despite the lender booking higher charges in the fourth quarter related to its exposure to the country's commercial real estate sector.
"The sentiment in the fourth quarter was more negative than the sentiment that emerged in January," Quinn told Reuters, adding that there were positive developments both on the demand side and the supply side linked to big policy measures.
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HSBC takes $300 million hit on Russia business sale, says deal on track for 2023LONDON : HSBC HSBA.L| said it still expects to complete the sale of its Russia business in first-half 2023, in the most significant update on the progress of the deal since it said in July 2022 it had agreed to sell the unit to local lender Expobank.Europe's biggest bank has taken a $300 million loss on t
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