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2024

Новости за 29.11.2024

Economictimes.indiatimes.com 

HSBC pulling back from China credit card business after struggling to expand

HSBC is retreating from its struggling credit card business in China, ceasing new card issuance and planning to wind down services for most onshore customers. Regulatory challenges, high client acquisition costs, and competition from Chinese banks and digital platforms contributed to this decision, despite HSBC's broader Asia pivot.