Standard Chartered: Hope to set up one or two more wealth management centers in the Greater Bay Area next year.

StanChart Greater Bay Area CEO Li Haiqiang said that in the first three quarters of this year, the number of new high net worth individuals in the Greater Bay Area from mainland China increased by 40% year on year, and he hopes to continue to achieve double-digit growth in the future. Currently, apart from Hong Kong and Macau, StanChart has a total of 4 branches in the Greater Bay Area, namely in Shenzhen, Guangzhou, Foshan, and Zhuhai. As for the location of future wealth management centers, Li Haiqiang revealed that he hopes to establish one or two more wealth management centers in the Greater Bay Area next year. After setting up a wealth management center in Shenzhen this year, the next big opportunity is in Guangzhou. As for human resource allocation for the team, he believes that there are opportunities for the group to hire more staff in mainland China and Hong Kong, mainly frontline staff. As the Greater Bay Area is a high-growth region, he hopes to increase manpower by at least 50%.