HSBC INVESTS BILLIONS INTO ASIA – @John Flint, CEO of HSBC Holdings Plc, has plans to invest as much as $17bn into the expansion of their key Asian markets and improving the technology that has failed to inspire investors. Flint said that the bank would invest around two-thirds of the $17bn by 2020 in order to build their presence in Hong Kong. The rest of the money will be spent on technology upgrades, while HSBC will maintain dividends. Flint said in a statement “After a period of restructuring, it is now time for HSBC to get back into growth mode. In the next phase of our strategy, we will accelerate growth in areas of strength, in particular in Asia and from our international network.” Flint has also been contemplating ways in which to expand their sub-scale Wealth Manager and Asset Management unit, including looking at potential mergers with rivals. #SpartanInternational