HSBC Holdings PLC is following through on plans to bulk up in Asia. The U.K.-headquartered bank expects to add 3,000 employees in China’s Pearl River Delta, a region that includes cities like Shenzhen and Foshan, to expand its retail banking business. HSBC currently employs about 13,000 in that region and will increase the head count over the next three to four years. Peter Wong, HSBC’s chief executive for Asia-Pacific, gave...
HSBC is planning to expand its retail banking business in Asia by adding 800 employees in China 's Pearl River Delta , this region includes cities Shenzhen and Foshan . it is hoping to increase pretax deposits in this region 10 times to $ 1bn within five years . HSBC hopes to locate in the Pearl River Delta as is home to a growing middle class , a demographic which the bank hopes to generate business from . Chairman , ah Flint said the Pearl River Delta , “ will represent another Hong Kong in terms of revenue for HSBC . ”