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Finance

HSBC to expand restructuring with faster shift to Asia

UK-based bank will relocate three executives to Hong Kong

HSBC Holdings has indicated that it plans to grow its wealth business in Asia with a focus on China and also to expand across South Asia.   © Reuters

HONG KONG -- HSBC Holdings is expected on Tuesday to unveil a renewed effort to push further into Asia and to relocate some top executives to Hong Kong as the bank accelerates its largest overhaul in decades to address years of underperformance.

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