‘Hong Kong back in business’ and will benefit from China’s post-Covid growth, Standard Chartered chair Jose Vinals says

Jose Vinals hosted the lender’s board meeting for the first time in three years in Hong Kong last week

Standard Chartered’s chairman does not believe the current banking turmoil in the US and Europe will turn into a global crisis

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Standard Chartered is upbeat on the bank’s business prospects following the reopening of Hong Kong and mainland China. Photo: Fung Chang

Published: 8:30am, 27 Mar 2023

Standard Chartered Bank, one of the three note-issuing banks in Hong Kong, will continue to expand in the city and mainland China in the coming years to cash in on the strong growth expected in the post-Covid era, chairman Jose Vinals said.

Vinals, who visited the city for the first time since the pandemic, hosted the lender’s board meeting last week, its first in three years in Hong Kong.

“The board is delighted to be back in Hong Kong,” he said in a media briefing on Thursday. “It is a very positive visit. Seeing is believing. There is nothing like being here in order to reconfirm everything we had heard.”

Vinals declined to disclose the board meeting’s agenda, but said the board has been, and will continue to, work with the bank’s key stakeholders in the city.

Jose Vinals, chairman of Standard Chartered, at the bank’s office in Hong Kong. Photo: Jonathan Wong

“We have no doubt of Hong Kong’s role as a formidable international financial centre; we will continue where we want to contribute to make it even greater and better,” he said.

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