Hsbc Holdings PLC Sells 28,970 Shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

HSBC Holdings PLC is a multinational banking and financial services company headquartered in London, United Kingdom. The company operates in over 80 countries and territories worldwide, providing a range of products and services including retail banking, corporate banking, investment banking, and wealth management.

KraneShares CSI China Internet ETF NYSEARCAKWEB is an exchange-traded fund (ETF) that tracks the performance of the Dow Jones U.S. Broad Stock Market Index, which includes companies in the technology sector. The ETF is listed on the New York Stock Exchange under the ticker symbol "KWEB" and is managed by KraneShares, a subsidiary of Invesco QQQ Trust.

On [date], HSBC Holdings PLC sold 28,970 shares of KraneShares CSI China Internet ETF NYSEARCAKWEB for an undisclosed amount. The sale was made through the company's investment arm, HSBC Global Asset Management.

It is worth noting that HSBC Holdings PLC has a significant presence in the Chinese market, with operations in mainland China and Hong Kong. The company has been active in the Chinese banking sector for over 130 years and is one of the largest foreign banks operating in the country. In recent years, HSBC has been expanding its business in China, including through acquisitions and partnerships.