EconomicChina·Unpinned17 Oct 2026
Foreign banks reduce China branch networks amid shifting strategic focus
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Foreign-funded banks, including Deutsche Bank, HSBC, and Standard Chartered, reduced their physical branch networks in China over the past year. Deutsche Bank closed branches in Qingdao and Chongqing, while HSBC and Standard Chartered closed individual sub-branches in Chongqing and Beijing. These actions followed Citi’s decision to exit its retail banking…
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SCMP
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