HSBC shutters Hong Kong-primarily based trade start-up Serai

HONG KONG, June 8 (Reuters) – A Hong Kong-based mostly trade system introduced by HSBC Holdings (HSBA.L) three yrs back with significantly fanfare has shut down immediately after failing to build a commercially feasible organization.

Serai, a wholly-owned subsidiary of Europe’s most significant lender, that related little-and-medium-sized attire