![HSBC sets up Communist Party cadre in China business](https://cdn.newsserve.net/ONPglobe256.png)
HSBC sets up Communist Party cadre in China business
Britain’s biggest lender and Asia-focused HSBC has set up a Chinese Communist Party (CCP) cadre in its China investment bank. The bank has become the first outside China to install a CCP committee, according to reports today in the Financial Times. Chinese law enforces domestic finance firms to have party officials in positions of authority. [...]
Full Article