BEIJING, Feb. 2 (Xinhua)-- HSBC announced on Monday that it will establish an office in the Guangdong-Hong Kong-Macao Greater Bay Area to expand its businesses there.
According to HSBC, the move will enable the lender to further leverage the advantages in Guangdong, Hong Kong and Macao, serve the needs of customers and tap into business opportunities in the fast-growing area, which is a key focus of its Asian strategy.
"The Greater Bay Area is committed to becoming a world-class city cluster, which has placed a high demand for efficient international banking services. As the focus of HSBC's business development strategy, we have been working on digitalization and continuous investment in cross-border products, service innovation and talents," said Diana Cesar, the Chief Executive of HSBC in Hong Kong.
"The move will help us better serve the growing demands for cross-border trade and investment in the area. We hope to provide strong support for the reform and innovation in the Greater Bay Area," noted Mark Wang, the President and Chief Executive Officer in HSBC China.
In the past several years, the bank giant has constantly optimized its business layout in the Greater Bay Area, including the setup of HSBC Qianhai Securities and expansion of its insurance, personal banking and wealth management services in the Pearl River Delta. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)
A single purchase
