HSBC will do whatever it takes to help Hong Kong’s economy recover, says CEO Noel Quinn, adding that relaxation of quarantine measures will put the city back on the international business community’s map.
Its reputation as a global financial centre is intact, and the city ‘shouldn’t be so hard on itself’, insists Mary Callahan Erdoes, CEO of JPMorgan Asset & Wealth Management.
Senior Citi executive says it is ‘business as usual’ in city as lender looks to expand now that pandemic has receded, with a target to capture US$150 billion of new client money from wealthy customers in Asia by 2025.
The 166-year-old Swiss bank sees the sector as a key focus of a ‘radical’ restructuring that aims to return it to its core foundation, according to chairman Axel Lehmann.
The private bank will expand its Hong Kong office in the coming years, as it aims to develop its wealth management and family office businesses in China and other Asian markets, says CEO.
New York-based global index provider MSCI has affirmed its decision to work with HKEX for greater access to China’s financial markets, two years after ending a licensing agreement with Singapore Exchange.
Hong Kong is making the right moves to develop as a hub for trading in virtual assets, but should scrap all its Covid-19 travel rules to fully resume its role as a financial centre, Bill Winters says.
