HSBC's China partner puts 31% of its stake in fund joint venture on the block

HSBC's China partner puts 31% of its stake in fund joint venture on the block

FILE PHOTO: A Chinese national flag flies in front of HSBC headquarters in Hong Kong, China, July 28, 2020. REUTERS/Tyrone Siu

HSBC’s China partner has put a 31% stake in a joint venture on the block which the European bank has a preemptive right to acquire, a disclosure from an online auction shows.