HSBC developing tailor-made financial services

Targets are Chinese companies planning overseas ventures in Europe.

HSBC Corporation plans to offer more personalized solutions for Chinese companies planning to expand abroad. This is part of the bank’s efforts to diversify revenue streams to push growth.

Europe's largest bank by market value has begun the process by implementing a renminbi cross-border trade settlement solution for a major Chinese company.

It has also set up 17 dedicated China desks around the world to provide information on local business and regulatory environments to Chinese companies planning overseas ventures.

HSBC said its China team is already in touch with several Chinese companies. Through the speedy transfer of knowledge across the HSBC network, HSBC claims it can ensure its overseas

China desks have the necessary background information to provide speedy and on-the-ground services for Chinese clients.