The bank is still finalizing the plans and might keep offering credit cards to a small ... company’s banking services in China, will be unable to renew their cards upon expiry.

The move highlights the difficulties HSBC faces in expanding its presence in China, despite its growth in Asia. The bank's ambition to increase its credit card operations in China began with its ...

Founded in 1912, Bank of China is the country’s oldest continuously operating bank. In 1994 it was restructured into a wholly state-owned commercial bank; it has branches across the Chinese ...