HSBC to boost headcount by 1,000 in China this year

Most of them will be in the Pearl River Delta.

According to Reuters, HSBC plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's regional head said, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China.

If that target is hit, the new additions will mean HSBC will have hired twice as many people as it did last year for this part of the business. They will join an existing team for this unit of 2,400 employees in the world's second-largest economy.

Read the full story here.