After coming under criticism for downgrading the outlook for Hong Kong due to the democracy movement there - but providing no other details - HSBC releases a "modified" report, bumping the "Occupy Central" movement to the bottom of its concerns.
Now atop the list are the usual issues of real estate prices, slowdown in tourism, higher U.S. rates, and weak earnings momentum.
Originally founded in Hong Kong, HSBC's profit there totaled $8.1B pre-tax last year, 36% of the bank total. Mainland China profit was $4.24B.
Previously: Hong Kong outlook cut over rift with Beijing