The HSBC China preliminary purchasing managers index for December rose to 50.9 from 50.5 in November.
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In Asian news overnight, the HSBC China manufacturing PMI came in at 50.4 in April versus 51.6 in March.
The HSBC Flash China Manufacturing PMI is published a week ahead of the final HSBC China PMI every month.
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On August 2, The HSBC China Manufacturing Purchasing Managers Index was released, showing a decline to 49.4 from 50.4 in June.
Investors should not be expecting any upside surprises to HSBC China flash PMI on Thursday morning, Nomura Securities analysts said in a note to clients on Thursday.
The preliminary HSBC China Manufacturing Purchasing Managers Index fell to 48.1 in June compared with a final reading of 48.4 in May, strengthening the case for further policy steps aimed at boosting China's growth.
The data from HSBC showed China's manufacturers are seeing a pickup in both new orders and employment, signs there may be growing optimism for the sector in 2013.
The China HSBC Flash Manufacturing Index released last weekend rose to 13-month high of 50.4 in November.
HSBC's China PMI is seen as a forward-looking indicator, based on surveys with executives in over 420 manufacturing companies.
In Europe, Credit Suisse, recommends stocks like Swatch, which derives 27% of its sales from China, Richemont (20% of its sales come from China) and HSBC, which draws 17% of its revenue from China.
Mr. Wong is head of global payments and cash management in China for HSBC.
HSBC's initial China Manufacturing Purchasing Managers' Index (PMI) rose to a two-year high of 51.9 in January.
Meanwhile, both men were criticized for their decision not to play this week's HSBC Champions event in China.
Qu Hongbin, chief economist for China at HSBC said the rebound in the sector was fuelled by "stronger new orders and production growth".
"Thanks to the continuous gains in new business, manufacturers accelerated production by additional hiring and more purchases, " HSBC's Chief China Economist Qu Hongbin wrote in a statement.
Hongbin Qu, chief economist for China at HSBC, said the improvement in factory conditions suggests earlier easing measures from Beijing have started to work and should ease concerns of a sharp growth slowdown.
In China, the HSBC Flash Manufacturing Index (PMI) rose to a 13-month high of 50.4 in November.
"Despite the still tepid external demand, the domestic-driven restocking process is likely to add steam to China's ongoing recovery in the coming months, " said Qu Hongbin, chief China economist at HSBC.
BBC: China manufacturing activity at two-year high, says HSBC
Chi Lo, China economist for HSBC in Hong Kong, says consumer loans are still brand new to the cash-based Chinese culture and have not been embraced by either lenders or borrowers.
"October's final PMI rose to an eight-month high, implying that China's industrial activity continues to bottom out following a modest pick-up last month, " Qu Hongbin, chief China economist at HSBC, said in a statement.
"New export orders contracted after a temporary rebound in March, suggesting external demand for China's exporters remains weak, " said Qu Hongbin, China chief economist at HSBC in a statement.
The HSBC flash Purchasing Managers Index for China, reported last week, hit a two-year high of 51.9 and was seen as a continuing sign that the country is emerging from a two-year slowdown.
Also, HSBC downgraded its 2012 economic growth forecast for China from 8.4%, to 8.0%.
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The combination offer has plenty of backers: the Bank of China, Warburg Dillon Read, HSBC, the powerful family of Li Ka-shing and Hong Kong public sentiment (which is wary of the SingTel deal because 76% of that company is owned by the Singapore government's investment arm).
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On Monday, HSBC Corp. issued a survey showing manufacturing in China had slowed to 49.2 for May.
The profit at the Chinese unit of HSBC Holdings PLC, the largest foreign bank in China with more than 130 outlets, rose to 3.42 billion yuan in 2011, almost four times that of the previous year, after rising 28% in 2010.
Meanwhile, HSBC's preliminary or "flash" reading of China manufacturing Purchasing Managers' Index showed Monday that activity improved in April from levels seen in March, but remained below the threshold of 50, indicating a contraction.
Manufacturing activity in China picked up speed in March, an initial HSBC survey has indicated, adding to hopes of a sustained recovery in its economy.
Soon afterwards HSBC, a global bank, issued the first yuan bond outside China or Hong Kong.
Overall debt levels in many Asian economies are lower than in the West, but debt burdens relative to individual income are up to 30% higher compared with the U.S. in countries such as Malaysia, China, South Korea, Thailand, Indonesia and India, HSBC research shows.
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