Its key holding is 19% in Bank of Communications (BoCom), China's fifth-biggest lender.

其主要持股是拥有交通银行19%的股份，交通银行是中国第5大贷款银行。

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The state now classifies BoCom as one of five major banks, a label that signals it is not for sale.

中国如今把交通银行列为5家主要银行之一，也就是给其贴上了“非卖品”的标签。

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In theory HSBC has the right to increase its stake in BoCom to 40% if regulators approve, but it is far from clear that they would.

理论上，通过监管机构批准，汇丰银行有权将其在交通银行中的股份提升至40%。他们会不会这样做还不得而知。

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Meanwhile, the share price of the smaller Bank of Communications (BoCom) has doubled since listing last year.

ECONOMIST: Chinese banks: Rot in the vaults | The

By raising money, BoCom's core Tier-1 capital ratio will jump from a barely adequate 8% to more than 10.4%.

ECONOMIST: Chinese banks