HSBC boss to face questions over exposure to China
The boss of HSBC is set to be questioned by the City next week on the fallout on the Asia-focused bank from President Trump's trade war with China when the FTSE 100 lender reports first-quarter results.
Shares in the London-based bank, which counts Hong Kong as its biggest market, fell sharply in the wider market sell-off this month as global equities tumbled amid investor fears about the economic impact of the tit-for-tat tariffs imposed by Washington and Beijing.
The growing friction between the world's two biggest economies poses a threat to HSBC because its business model revolves around acting as a bridge for trade and money flows between East and West and it has been tilting its operations further towards China, and Asia more broadly,
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