HSBC completed the acquisition of an additional 39% stake in HSBC Qianhai Securities from Qianhai Securities for $194m.

HSBC, a British multinational investment bank and financial services holding company, completed the acquisition of an additional 39% stake in HSBC Qianhai Securities, its brokerage venture with Qianhai Securities, a financial services company, for $194m. The London-based bank said the transaction had taken its stake in HSBC Qianhai Securities from 51% to 90%.