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Europe's low-cost path to high-performance banking

Europe's low-cost path to high-performance banking

When HSBC Holding's widely scrutinized plan to buy a 20 percent stake in China's Bank of Communications closed in August, the UK bank succeeded in making the largest Western investment to date in the mainland's retail banking sector.

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Europe's low-cost path to high-performance banking
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When HSBC Holding's widely scrutinized plan to buy a 20 percent stake in China's Bank of Communications closed in August, the UK bank succeeded in making the largest Western investment to date in the mainland's retail banking sector. At the time, Hong Kong chairman David Eldon made himself clear: HSBC had no intention of targeting a stake in China's state-owned Big Four banks.

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