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People News: HSBC, ICBC

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HSBC’s vice-chairman of global banking and markets Spencer Lake is leaving the firm after being sidelined in a reorganization of the investment bank earlier this year.

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Hong Kong

Hong Kong regulator warns more IPO probes to follow

Investors can expect to see more regulatory probes into the sponsorship of stock listings in Hong Kong, the city's top markets enforcement official said, underlining a crackdown that has already led to two global banks being investigated.