HSBC takes $500 million hit on Chinese real estate and warns of risk of ‘further deterioration’

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By Michelle Toh, CNN By Michelle Toh, CNN ​  ​

In a sign of renewed confidence, HSBC said Monday it would conduct another share buyback of up to $3 billion, following similar announcements in recent months. It also announced another interim dividend of 10 cents per share, its third so far this year.

 

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