HSBC completed the acquisition of a %39 stake in HSBC Qianhai Securities from Qianhai Financial, for $199m.

HSBC, a banking and financial services institution, completed the acquisition of a %39 stake in HSBC Qianhai Securities, a securities joint venture between HSBC and Qianhai Financial Holdings, from Qianhai Financial Holdings, a chinese financial company, for $199m. “China has one of the most significant capital markets in the world, supporting economic growth and investment opportunities. Our increasing stake in HSBC Qianhai Securities reflects our commitment in developing China’s rapidly growing capital markets, and bolster our presence in a key market for the HSBC Group, where we will continue to provide both clients in China and those overseas with professional financial services,” David Liao, HSBC Asia-Pacific Co-CEO.