Chinese authorities have denied claims by billionaire investor Mark Mobius, who said he was unable to get money out of China due to government restrictions on capital flows.
On Tuesday, HSBC reported fourth-quarter 2022 results, beating analysts' expectations. Bank's reported pre-tax profit for the three months ending December was $5.2 billion, up 108% from $2.5 billion a year earlier and better than the bank's estimate of $4.97 billion. HSBC said its fourth-quarter results reflected strong revenue growth and lower operating costs.
