Standard Chartered expects to sustain growth in China

By Zhang Fengming | July 29, 2009, Wednesday |

Online Edition

STANDARD Chartered Bank expects its financial markets segment to sustain annual double-digit growth in China on rising demand, a senior banker said.

"China is a very central part of our strategy and we see big opportunity to grow," said David Carr, managing director and global head of sales of financial markets for the bank.

Standard Chartered is adding branches and staff in China on expanding business.

The London-based bank's financial markets services'income has grown twenty-fold in China in the past five years as financial products markets have been deregulated.

The bank plans to set up a Dalian branch after opening six branches in Shanghai, Beijing, Shenzhen, Guangzhou, Suzhou and Chengdu.

"We plan to go to more second-tier cities and even go west," said John Thang, the bank's co-head of sales of financial markets.

Finance

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Standard Chartered expects to sustain growth in China

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