HKSAR gov’t confirms urging HSBC to explain on reported layoffs (People’s Daily)

The Hong Kong Special Administrative Region (HKSAR) government confirmed Tuesday to Xinhua that it had urged the HSBC to clarify the reports that the bank was planning to lay off 1,000 employees in Hong Kong. A spokesperson with HKSAR’s Labor and Welfare Bureau told Xinhua that it had contacted the HSBC to gain a better understanding of the layoffs reports. The bureau has urged HSBC to make a …