Standard Chartered poised to open Standard Chartered Greater Bay Area Centre in Guangzhou
Standard Chartered Greater Bay Area Centre will be located in Guangzhou International Commerce Center.
Standard Chartered today announces that it is setting up a Standard Chartered Greater Bay Area Centre in Tianhe District, Guangzhou, with a total investment of US$40 million. The centre is expected to start operations operation this quarter and the number of its employees will exceed 1,600 by the end of 2023.
Standard Chartered Greater Bay Area Centre will be located in Guangzhou International Commerce Center (Guangzhou ICC), a new landmark for Guangzhou’s main axis. This is part of Sttandard Chartered’s strategic plan for the development in the Guangdong-Hong Kong-Macao Greater Bay Area, which will support the operations of retail and corporate banking segments in the region, promote the development and application of innovative financial solutions and strengthen the cross-boundary banking services of Standard Chartered in the Greater Bay Area.
Standard Chartered, which has an extensive branch network in the Greater Bay Area, has been promoting the local economic development. The bank notes that its global footprint and business expertise such as Belt and Road, RMB internationalisation, trade finance, bond market, digital innovation, wealth management and sustainable finance can meet the financial needs in the development of the Greater Bay Area.
Regional Chief Executive Officer, Greater China and North Asia, & Group Chief Executive Officer, Retail Banking and Wealth Management, Benjamin Hung said: “The Opinions on Providing Financial Support for the Development of Guangdong-Hong Kong-Macao Greater Bay Area and the framework of the cross-boundary wealth management connect pilot scheme announced earlier will enhance the cross-boundary connectivity in the region and push forward the opening up and innovation of the financial industry. They will also deepen the financial cooperation among mainland China, Hong Kong and Macao and enhance our confidence in the financial and economic outlook of the Greater Bay Area”.