HSBC and BEA approved to operate in Shanghai free-trade zone

HSBC and Bank of East Asia have won approval to set up a presence in the Shanghai free-trade zone, putting them among the first foreign banks there following similar approval granted to DBS and Citigroup last month.

via Business feed http://www.scmp.com/business/banking-finance/article/1330549/hsbc-and-bea-approved-operate-shanghai-free-trade-zone