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News Release 14 January 2013 HSBC FIRST FOREIGN BANK TO PILOT FOREIGN CURRENCY CROSS BORDER NETTING SOLUTION IN CHINA HSBC China is the first foreign bank to obtain approval from the State Administration of Foreign Excha
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Document Date: 2013-01-14 20:30:05

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File Size: 31,63 KB

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City

Shanghai / Beijing / Hongkong / /

Company

Cash Management / Global Private Banking / HSBC Global Payments / HSBC Group / HSBC FIRST FOREIGN BANK TO / Shanghai Banking Corporation Limited / Markets / Intel / /

Continent

North America / Europe / /

Country

China / /

Currency

USD / /

/

IndustryTerm

foreign bank / banking / foreign currency netting solution / lower processing costs / cross border netting solution / netting solution / /

Organization

The Hongkong and Shanghai Banking Corporation Limited Registered Office / State Administration of Foreign Exchange / /

Person

Kee Joo Wong / Jessica Lennon / /

/

Position

pilot foreign currency / Queen / Head Office / Head / PILOT FOREIGN CURRENCY CROSS BORDER NETTING SOLUTION IN CHINA HSBC China / principal member / /

Region

Latin America / East Africa / Middle East / North Africa / Asia Pacific / Asia-Pacific / /

URL

www.hsbc.com.hk / /

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