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BRANCH BANKING | Staff Reporter, China

HSBC sees less customer footfall in Pearl River Delta branches

Find out why HSBC still has a mountain to climb.

According to a report by Reuters, in the digital age, footfall in bricks-and-mortar outlets is an incomplete measure of business activity, but HSBC's sparsely attended branches in the Pearl River Delta suggest it's not all plain sailing for the bank's expansion in mainland China.

"HSBC, the world's sixth-largest bank by assets, announced in 2015 that it would hire 4,000 new staff and invest billions to make the Pearl River Delta (PRD) its gateway to China, a retail and corporate banking push that bet on a tech boom, infrastructure spending and a growing middle class," Reuters said.

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