Published: July 22nd, 2022,
Last updated: July 22nd, 2022
HSBC Qianhai Securities has apparently become the first foreign lender in China to appoint a Party committee. This was reported by the Financial Times, citing two sources familiar with the decision. According to the report, the bank did not initially comment on the matter. However, informed individuals reportedly said that the committee has been set up in early July and does not have a management role.