HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery said

HSBC Holdings plans to restructure its operations into four business units and the bank said it was appointing Pam Kaur, currently the chief risk and compliance officer, as the lender’s first female chief financial officer.

HSBC's new boss has announced a major overhaul of the bank's structure, splitting geographically into eastern and western markets amid increasing geopolitical tensions and a need to cut costs. The bank said that it was simplifying operations by splitting into four key units,

Short selling in Hong Kong stocks is the least active in three and a half years, after a series of Chinese stimulus measures drove a rally on the city’s bourse.

CITIC (HK:0267) has released an update. CITIC Limited has announced the sale of its remaining 19.23% equity interest in Fast Food Holdings

State-owned conglomerate Citic will sell its stake in the company behind McDonald’s in Hong Kong, Macau and on the mainland for US$430 million, as operators of fast food restaurants compete feverishly for the favour of Chinese consumers.