China 23 February 2026 - 1 April 2026

BHP’s China Iron Ore Deal Puts Miner Back in Focus as Yuan Pricing Ripples Through Rivals
····

BHP’s China Iron Ore Deal Puts Miner Back in Focus as Yuan Pricing Ripples Through Rivals

BHP Group Ltd’s settlement with China’s top iron ore buyer has shifted gears—from a simple contract spat to a bigger pricing test for the mining industry. According to a weekend report, the deal struck with Beijing now threatens to ripple across rivals and smaller producers alike. BHP’s iron ore pricing deal with Beijing, highlighted by the Australian Financial Review on May 3, is poised to shake up Australia’s top export sector. The timing is notable—attention turned back to BHP just as it resolved its protracted spat with China Mineral Resources Group, or CMRG, the government-backed agency created to coordinate Chinese iron ore buying.
May 4, 2026
HSBC appoints new China wealth chiefs as mainland growth push gathers pace
···

HSBC appoints new China wealth chiefs as mainland growth push gathers pace

HSBC Holdings has tapped Max Xu to lead International Wealth and Premier Banking in China, the business that’s driving its affluent-client strategy. Samuel Chen will take over as head of the China private bank. Both appointments are effective April 1. According to the bank, mainland China remains a linchpin in its international wealth ambitions, with wealth invested assets up 37% in 2025. Kai Zhang, the group’s Asia wealth chief, put household cash holdings in China at “around USD22 trillion.” These hires take on fresh significance as wealth becomes a core growth lever for Chief Executive Georges Elhedery, who’s in the midst of reshaping HSBC and pushing to boost returns. The bank, in February, bumped up its return on tangible equity
April 1, 2026