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HSBC Plans to More Than Double Staff at China Securities Venture

  • CEO expects demand for investments in China to drive growth
  • Sun, head of research, sees ‘six major sectors’ to watch
Pedestrians walk along an elevated walkway in the Lujiazui Financial District in Shanghai, China.

Photographer: Qilai Shen/Bloomberg

HSBC Qianhai Securities Ltd., the first foreign majority-owned securities joint venture in China, expects to more than double the size of its team in the next four years as it sees economic growth continuing to attract investments to the country.

The firm, launched last year to help institutional clients access Chinese capital markets, expects to have 300 staff, up from 120 currently, Chief Executive Officer Irene Ho said in an interview in New York on March 5. “I just need to see the money coming in,” she said.