HSBC’s Profit Surges, but Bank Takes Hit From China Property

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HSBC’s Profit Surges, but Bank Takes Hit From China Property
France Dernières Nouvelles,France Actualités
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HSBC reported its highest annual net profit since 2018 and said rising interest rates were likely to boost future returns

HSBC Holdings PLC reported its highest annual net profit since 2018 and said rising interest rates were likely to boost future returns, even as the banking giant took a charge against potential fallout from the stress in China’s property market.

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