HSBC pulling back from China credit card business

HSBC to Close China Credit Card Business Amid Expansion Struggle
HSBC plans to move away from its China credit card business as it faces growth and profitability constraints, given high competition and lower consumer spending.
Exclusive: HSBC pulling back from China credit card business after struggling to expand
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, sources with knowledge of the matter said.
HSBC plans to withdraw credit card operations in China
HSBC has plans to withdraw its credit card business in China after entering the segment eight years ago, reported Reuters, citing sources. This decision comes as it has been struggling to gain a profitable foothold in the country.
HSBC Pulls Back Credit Card Business in China, Reuters Reports
HSBC Holdings Plc is pulling back from its credit card business in China, Reuters reported, citing unidentified sources.
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HSBC winding down credit card business in China, Reuters reports
HSBC (HSBC) is pulling back from its credit card business in China eight years after its launch, as the company struggled to expand and make
HSBC pulls back credit card business in China: Reuters
China is a relatively small market for HSBC’s credit card business. The gross carrying amount in this segment was just US$287 million, or about 1% of the global total last year.
Exclusive - HSBC pulling back from China credit card business after struggling to expand, sources say
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, sources with knowledge of the matter said.
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