HSBC Holdings PLC HSBC plans to close its credit card operations in China as it faces challenges to achieve growth and profitability in the region. This was reported by sources with knowledge of the ...

China’s commercial banks are tightening oversight of clients using credit cards to fund stock investments as small-time investors pour in to catch the nation’s $1 trillion market rally. Lenders ...

HSBC Holdings PLC (GB:HSBA) has reportedly exited its credit card business in China after facing challenges in achieving growth after eight years of launch. According to Reuters, the bank has halted ...

China has ordered banks and other financial institutions to encourage more consumer financing and use of credit cards as part of a campaign to get people to spend more. The order Friday from the ...

(Reuters) - HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest ...

SHANGHAI, May 28 (Reuters) - Industrial and Commercial Bank of China <601398.SS> <1398.HK> expects Chinese spending via credit cards to rise to 140 billion to 150 billion yuan ($18.3-19.6 billion) ...