HSBC banks on Australia as China relations thaw

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“I’d probably say that when it comes to moving dollars, the weight of capital still goes to the US and the UK. But we’re not de-prioritising the Asian dialogue with these customers based upon the fact that money’s not going out today,” Mr Shaw said. “We recognise that Australia’s future is a diversification of those ports of investment … for instance, the announcement of the free trade agreements with India, the continued free trade agreement with China or, the fact that we have a new envoy to ASEAN under the leadership of Nicholas Moore.” Mr Shaw said HSBC is providing...