Bloomberg China’s People’s Liberation Army (PLA) trained Hong Kong police cadets on a style of marching that’s used in the mainland for ceremonies, paving the way for the city to take another symbolic step toward shedding its British colonial past. China’s PLA garrison in Hong Kong recently conducted the training to help enhance the local police force’s knowledge and skills ...

Bloomberg HSBC Holdings Plc said it expects to eventually shrink its property footprint by 40%, the latest sign of how the pandemic is changing the role of the office. Europe’s largest bank would reduce its “real estate footprint” over the long term, Group Chief Operating Officer John Hinshaw said in a call with analysts after bank reported fourth-quarter results. Last ...

Bloomberg Credit Suisse Group AG and UBS Group AG are relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on foreign financial firms. Credit Suisse moved three directors, including Vivian Feng, Richard Kot and Felix Meng, as well as four more junior bankers, to ...