HSBC HOLDINGS (00005.HK) +0.900 (+0.615%) Short selling $654.42M; Ratio 25.873% is endeavoring to revitalize its investment banking business in Hong Kong, Bloomberg reported, citing people with the knowledge of the matter. In recent months, CEO Georges Elhedery and his senior aides have been actively meeting clients in Hong Kong to discuss cooperation. The bank has sent customized videos to key clients in Greater China and urged senior executives to proactively approach around 400 clients, including acquisition firms and hedge funds.Related News CLSA Upgrades CKH HOLDINGS (00001.HK) to "High-Conviction Outperform", Raises TP to HKD102HSBC's proactive push comes after a major global restructuring of its investment banking division early last year, which led to the departure of several senior executives and resulted in the group losing its leading role in landmark cross-border transactions. Over the past year, the group has hired more than ten investment bankers for its China business, and the latest recruitment drive appears to be yielding initial results. HSBC is purportedly involved in around 40 IPO projects in Hong Kong, an upsurge compared with only five projects for the whole of last year.A spokesperson for HSBC said the group holds leading market positions across numerous product and service areas in Asia. It also possesses strong capabilities in capital markets and advisory services, with revenue continuing to grow. The group will continue to expand its market share and provide high-value transaction advisory services to large corporations.Related News M Stanley Ratings and TPs on China Biotech StocksHSBC is also reportedly still likely to participate in the listing plan of A.S. Watson under CKH HOLDINGS (00001.HK) +0.650 (+0.938%) Short selling $134.04M; Ratio 26.841% . Currently, the group is involved in around 70 IPO projects across Asia, including 40 in Hong Kong.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-02 16:25.)
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