The Traderszone Network

Published in TZ Latest News 14 June, 2015 by The TZ Newswire Staff

In China’s Pearl River Delta, HSBC faces a risky voyage

The station, 90 kilometers north of Hong Kong, is on the first open section of a super fast rail network in China’s Pearl River Delta that HSBC (HSBA.L) is betting will turn the prosperous region of 40,000 square kilometers into a seamless metropolis that can fuel the bank’s growth in the next decade. A visit to the area though shows up how infrastructure construction that HSBC is hoping will drive the region’s development is moving at a patchy pace, underlining risks the lender faces in its Asia “pivot” strategy.