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 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'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,

Drew Bernstein, co-chair of MarcumAsia, explains why Hong Kong is showing signs of strength - which is essential to China's rebound.

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.