An HSBC sign is seen at branch in Beijing on May 21, 2009. China has given the green light for Bank of East Asia and HSBC to issue yuan bonds in Hong Kong, state media said on May 19, the first time foreign-invested lenders have been allowed to sell such debt. The Chinese arms of London-based HSBC and Hong Kong's BEA received the permission from the State Council, or cabinet, according to the Financial News, which is run by the central bank in a move that would also give Beijing the opportunity to make the currency more prevalent as the government looks to expand its influence. Getty Images logo Getty Images 9 months ago

An HSBC sign is seen at branch in Beijing on May 21, 2009. China has given the green light for Bank of East Asia and HSBC to issue yuan bonds in Hong Kong, state media said on May 19, the first time foreign-invested lenders have been allowed to sell such debt. The Chinese arms of London-based HSBC and Hong Kong's BEA received the permission from the State Council, or cabinet, according to the Financial News, which is run by the central bank in a move that would also give Beijing the opportunity to make the currency more prevalent as the government looks to expand its influence.

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  1. Taoists walk past the HSBC headquarters as they take part in a ritual at Hong Kong's financial central district to pray for the city's economic prosperity and social stability March 14, 2010.
  2. A man walks inside HSBC headquarters in Hong Kong March 1, 2010. The global bank will deliver its full-year results later on Monday.
  3. A man descends from an escalator at HSBC headquarters in Hong Kong March 1, 2010. The global bank will deliver its full-year results later on Monday.
  4. LONDON - FEBRUARY 15: A skyscraper occupied by HSBC bank is seen between two skyscrapers in Canary Wharf on February 15, 2010 in London, England. As the UK gears up for one of the most hotly contested general elections in recent history it is expected that that the economy, immigration, the NHS and education are likely to form the basis of many of the debates.
  5. Razi Fakih, Acting Chief Executive Officer of HSBC bank, speaks during the Reuters Islamic Banking Summit in the Reuters offices in Dubai February 15, 2010.
  6. Razi Fakih, Acting Chief Executive Officer of HSBC bank, speaks during the Reuters Islamic Banking Summit in the Reuters offices in Dubai February 15, 2010.
  7. A man runs past the office of the HSBC bank in Zurich February 3, 2010. European governments kept up the pressure on Switzerland and its famed banking secrecy laws, with fresh reports from the Netherlands and Belgium raising the stakes in the battle to find tax evaders.
  8. Stephen Green, Chairman of HSBC attends a session at the World Economic Forum (WEF) in Davos January 29, 2010.
  9. Stephen Green, Chairman of HSBC attends a session at the World Economic Forum (WEF) in Davos January 29, 2010.
  10. Chairman, HSBC, U.K. Stephen Green, gestures while speaking during a panel discussion entitled "Business Leadership for the 21st Century", at the World Economic Forum in Davos, Switzerland, Friday, Jan. 29, 2010.
  11. HSBC Group Chief Executive Michael Geoghegan, left, shakes hands with staff members in the lobby of HSBC's headquarters as he starts his first day of work in Hong Kong Wednesday, Jan. 27, 2010.
  12. HSBC Group Chief Executive Michael Geoghegan, center, is escorted by security guards outside HSBC's headquarters as he starts his first day of work in Hong Kong Wednesday, Jan. 27, 2010.
  13. Michael Geoghegan (L), Group CEO of HSBC, is greeted by staff at the lobby of the HSBC headquarters as he starts his first day of work in Hong Kong January 27, 2010. Investors see the bank's decision to put its global CEO in the territory as a sign of its intensifying push to build a strong position in China.
  14. Michael Geoghegan, Group CEO of HSBC, poses in front of a lion statue outside the HSBC headquarters as he starts his first day of work in Hong Kong January 27, 2010. Investors see the bank's decision to put its global CEO in the territory as a sign of its intensifying push to build a strong position in China.
  15. Michael Geoghegan, Group CEO of HSBC, poses in front of a lion statue outside the HSBC headquarters as he starts his first day of work in Hong Kong January 27, 2010. Investers see the bank's decision to put its global CEO in the territory as a sign of its intensifying push to build a strong position in China.
  16. A seagull flies past a HSBC private bank building in Geneva December 22, 2009. France will continue to use data stolen from HSBC's private banking arm in Geneva in its drive against tax evasion, its budget minister said on December 22, a day after French officials agreed to return the client lists to Switzerland.

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