(3)CHINA-HONG KONG-HSBC-JOB CUTS (CN)

(081117) — HONG KONG, Nov. 17, 2008 (Xinhua) — The logo of Hong Kong and Shanghai Banking Corporation (HSBC) is seen on the bank’s headquarters in Hong Kong, south China, on Nov. 17, 2008. The banking giant axed 450 posts in Hong Kong Monday because of the impact of the global financial crisis. (Xinhua/Zhou Lei) (axy)