HSBC Global Private Banking expands in China
As it opens offices in in Chengdu and Hangzhou
As it opens offices in in Chengdu and Hangzhou
To tap into the country’s growing onshore wealth management market
It will reportedly start offering services in the country next year
It has reportedly held discussion with several banks in the country
It will initially be available via the four state-owned banks across five cities
To develop a joint wealth management programme
Product was created in partnership with China Asset Management
To extend its wealth footprint in the Greater Bay Area
It has been told to carry out the pilot project in a ‘safe and orderly manner’
As Pictet overweights equities to take ‘advantage of attractive valuations’
‘You either let omicron spread, or the supply chain collapses or at best comes under unprecedented pressure’
It is the third Sino-foreign JV wealth company given green light to start business