Standard Chartered plans to increase its investment in wealth centres and hiring in Hong Kong, mainland China and Taiwan to gain more affluent clients, a senior executive said, adding that it doubts Beijing\u2019s stricter enforcement of taxes on cross-border investment will hurt the wealth-management sector.<\/p>\n
\u201cWe are doubling down on Greater China wealth opportunity,\u201d Judy Hsu Chung-wei, its CEO for wealth and retail banking, told a media briefing last week.<\/p>\n
\u201cGreater China \u2013 Hong Kong, mainland China and Taiwan \u2013 is one of the world\u2019s most important wealth corridors,\u201d she said, explaining that this was why the London-headquartered lender aimed to set up more luxury wealth centres, hire more talent, and invest in technology platforms in the three markets to capture growth opportunities.<\/p>\n
Hus said Hong Kong, Standard Chartered\u2019s largest single market \u2013 contributing a third of its first-half pre-tax profit \u2013 was playing a key role in its expansion plan.<\/p>\n
Standard Chartered recently opened its seventh Hong Kong wealth centre in Causeway Bay, meaning a third of its wealth centres are in the city. Another third are in mainland China and Taiwan.<\/p>\n
\u201cHong Kong is our largest market and our leading cross-border wealth hub, connecting the region with global capital, investment opportunities and wealth,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"Standard Chartered plans to increase its investment in wealth centres and hiring in Hong Kong, mainland China and…\n","protected":false},"author":2,"featured_media":118936,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21387],"tags":[8589,23948,255,26243,1772,48402,42,31751,9783,20677,7752,551,48403,12931],"class_list":["post-118935","post","type-post","status-publish","format-standard","has-post-thumbnail","category-standard-chartered","tag-beijing","tag-causeway-bay","tag-china","tag-greater-china","tag-hong-kong","tag-judy-hsu-chung-wei","tag-middle-east","tag-shanghai","tag-singapore","tag-standard-chartered","tag-taiwan","tag-united-arab-emirates","tag-wealth-centres","tag-wealth-management"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117227024713625571","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/118935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=118935"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/118935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/118936"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=118935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=118935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=118935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}