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HSBC backs its Asia ambitions, despite investor rumblings

Chairman Douglas Flint says he is confused about why people would doubt the bank’s China push

HSBC is grabbing market share, particularly in wholesale banking, which includes the investment banking and trading businesses
HSBC is grabbing market share, particularly in wholesale banking, which includes the investment banking and trading businesses Photo: iStockPhoto

HSBC’s big bet on China in the past year has recently been questioned by some investors, but chairman Douglas Flint says he is “confused” by the concerns about the bank’s Asia growth strategy.

In a rare interview, Flint said: "I find it difficult to see why people would doubt the strategy, because over the medium and longer term this is a huge opportunity, and we're a natural investor in that opportunity."

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