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Which major foreign bank will follow HSBC in offering digital yuan services by end of 2024?
4
Resolution / Starting Odds
JP Morgan • 33%
Goldman Sachs • 33%
Standard Chartered • 34%
Official announcements from major foreign banks in China
Story
HSBC Expands China Presence with 300 New Hires and Digital Yuan Services After Citi Acquisition
Jun 11, 2024, 03:00 AM
HSBC has expanded its presence in China by adding over 300 employees following its acquisition of Citi's wealth management business. Additionally, HSBC China has become the first foreign bank to offer digital yuan (e-CNY) services to corporate clients. This move signifies HSBC's commitment to integrating advanced financial technologies and expanding its footprint in the Chinese market.
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Standard Chartered • 25%
Citibank • 25%
Deutsche Bank • 25%
None • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
10% of corporate clients • 33%
20% of corporate clients • 33%
30% or more of corporate clients • 33%
Over 1 billion yuan • 33%
Over 5 billion yuan • 33%
Over 10 billion yuan • 33%
Beijing • 25%
Shanghai • 25%
Shenzhen • 25%
Guangzhou • 25%
0-10% • 25%
11-20% • 25%
21-30% • 25%
31% or more • 25%
Manufacturing • 25%
Retail • 25%
Technology • 25%
Finance • 25%