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HSBC sets aside US$1 billion for first share buy-back since October
HSBC, the top lender in Hong Kong, has resumed its share repurchase programme with a US$1 billion allocation over the next three months, its first since October. The bank paused buy-backs in October to conserve capital for its US$14 billion acquisition of Hang Seng Bank.
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- Are HSBC shares set for a turnover bump owing to Hong Kong’s board-lot reform?