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David Liao: HSBC HOLDINGS To Continue to Invest in HK in Future for Sure
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China and Hong Kong have always been the center of HSBC HOLDINGS (00005.HK)'s growth and profit, and that the Group will continue to invest and optimize the allocation of resources in order to constantly optimize its structure in the future, David Liao, Co-Chief Executive of Asia and Middle East at HSBC HOLDINGS, said.

However, Liao did not directly respond to the layoff plan, but said that it would be continuously optimized depending on the impact of different departments on customers.

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In addition, the Group's previously announced US$1.5 billion resource allocation work is progressing well, with more resources to be invested in wealth management, international linkage and capital market in the future.
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