HSBC Confronts $54 Billion China Risk After Beijing Vows Support
HSBC Holdings Plc was mostly flat in early London trading Monday. The stock held steady after Beijing moved to reassure investors over concerns about a clampdown on mainland funds leaving for offshore markets. HSBC’s London-listed stock was at 1,360.20 pence, down 0.60 pence, according to the bank’s investor page at 0810 GMT. In Hong Kong, shares quoted at HK$142.00, up HK$0.20. HSBC said prices were delayed by at least 15 minutes.