DBS to Boost Investments, Hiring in China’s Greater Bay Area

DBS executives say China’s economy faces short-term issues
Bank bullish on Greater China with growth in HK, mainland

WATCH: Sebastian Paredes, head of North Asia at DBS and CEO at DBS Bank Hong Kong, discusses the company’s growth targets for Greater China, the contribution of China to the business and his investment strategy exclusively on Bloomberg Television.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Lisa Du and Chanyaporn Chanjaroen

August 9, 2023 at 1:32 AM UTC

Updated on

August 9, 2023 at 3:46 AM UTC

This article is for subscribers only.

DBS Group Holdings Ltd., Southeast Asia’s largest bank, will increase investment and hiring in China’s Greater Bay Area as it expects growth in the region to outpace the rest of the country, according to the lender’s head of North Asia.

“There’s no reason not to be optimistic about the future and the long-term prospects of China,” Sebastian Paredes, who is also the chief executive officer of DBS Bank in Hong Kong, said on Bloomberg TV Wednesday.