HSBC expands China private banking network, launches in two new cities

HSBC expands China private banking network, launches in two new cities. Budrigannews.com – HSBC Global Private Banking said on Tuesday it had officially launched its business in the large Chinese cities of Chengdu and Hangzhou, in a push to capture a bigger share of China’s wealth market.

The bank also said it plans to explore opportunities in China’s Southwest region. Its existing branches are located in eastern areas where more high net worth individuals reside.

HSBC sees robust demand for wealth management in Chengdu, capital of the western province of Sichuan. The bank has another four branches in Beijing, Shanghai, Guangzhou and Shenzhen. (This story has been corrected to say bank has launched its business in two branches, not opened two new branches, in headline and first paragraph)

Start Trading
in Minutes

bullet Access 10,000+ financial instruments
bullet Auto open & close positions
bullet News & economic calendar
bullet Technical indicators & charts
bullet Many more tools included

By supplying your email you agree to FP Markets privacy policy and receive future marketing materials from FP Markets. You can unsubscribe at any time.




Source - database | Page ID - 2880

Get instant Updates in Telegram