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HSBC Faces 26% Profit Slump Amidst Challenges in China

HSBC Faces 26% Profit Slump Amidst Challenges in China

BUSINESS - 7/30/2025

HSBC's pretax profit dropped 26% in the first half, signaling challenges ahead for CEO Elhedery as losses mount in China. The bank restructures to adapt to changing markets amid a struggling property sector.

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