A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China Aug 4, 2020. REUTERS/Tyrone Siu//File photo HONG KONG  – HSBC is set to acquire Citigroup's China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of the matter said, in a major boost to the London-based bank's business in that country. The transaction, the financial details of which were not immediately known, will also see Asia-focused HSBC taking over 'a few hundreds' of Citi's China-based staff, said one of the sources.

https://business.inquirer.net/423514/hsbc-to-acquire-citigroup-china-consumer-wealth-business-sources

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