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Banks from HSBC to Citi shrug off China risks, embrace Hong Kong


Hong Kong: Growing geopolitical tensions and pulled initial public offerings have done little to damp the appetite of Western banks for Hong Kong and China.
Standard Chartered Plc Chief Executive Officer Bill Winters was the latest executive in recent weeks to signal a sweeping Chinese government crackdown and rising geopolitical tensions between China and the US won t derail his lender s focus and investment in the region.
We don t see a structural or fundamental change in terms of the business opportunities for Standard Chartered, Winters said on a call with reporters Tuesday. Hong Kong s continuing role as a conduit into the Greater Bay Area mean the opportunities for us in corporate banking and wealth management will be very, very substantial. ....

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