HSBC's Restructuring Yields Positive Results Amidst China Concerns; BNI Subsidiary to Host Digital Market

HSBC's restructuring, initiated by former CEO Noel Quinn, shows promising results with a well-ordered withdrawal from several markets and a focus on China. Despite concerns about China's real estate sector, current CEO Georges Elhedery remains confident. The bank's cost structure has decreased by $8 billion over ten years, with earnings per share and dividends reaching ten-year highs. Meanwhile, in Indonesia, BNI subsidiary Bank Hibank Indonesia will host a hi Pasar Rakyat Digital event in Jakarta, promoting UMKM products with digital transactions.