HSBC Grooms Top Bankers for Make-or-Break Push Into China
- Bankers, Liao and Wang, internal candidates to lead China push
- Europe’s largest bank has been buffeted by political tension
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As HSBC Holdings Plc pins its future on China, Europe’s largest bank is grooming a set of well-connected bankers to navigate its fraught relationship with Beijing in the long run.
David Liao and Mark Yunfeng Wang, heads of Asia Pacific global banking and its China operations, respectively, are among a handful of contenders in the running to steer HSBC’s expansion in the crucial mainland and Hong Kong markets, according to people familiar with the matter.