HSBC plans to add 10 outlets in China this year, Bloomberg reported. The company plans to open 100 outlets in China by the end of the year and is also planning a stock offering on the Shanghai Stock Exchange. HSBC hired China International Capital Corp. and Citic Securities to advise on an initial public offering in Shanghai, according to people familiar with the matter. The listing may help HSBC offer more renminbi-denominated loans and expand its branch network in the country. It could also provide significant branding advantages. HSBC has invested US$5 billion in China over the last eight years.