HSBC builds up China green finance team: report

It also mulls offering carbon offset products to customers, a source said.

HSBC is building up its green finance and bond teams in China to meet surging demand, reports Reuters, based on information shared by anonymous sources.

Europe’s biggest bank by assets will make key investments in its asset management arm in China this year, including launching new teams dedicated to green assets and fixed income, two sources said. The sources did not put a figure on the investments.

ALSO READ: Business grads from HK pick J.P. Morgan and HSBC as most attractive employers

The lender is also exploring offering carbon offsetting products to customers after a surge in client queries over the past year, a third source said.

HSBC chairman Mark Tucker reportedly recently met with Chinese regulatory officials in Beijing last week to help pave the way for the bank to accelerate growth in China, including in the country's fast-growing $3.9t fund market.

ALSO READ: HSBC winding down wealth, personal banking business in New Zealand

HSBC declined to comment.

Here’s more from Reuters.

Follow the link for more news on

HSBC

Also Read

HSBC invests $100m in MSME finance platform Funding Societies

GoTyme, foodpanda launch flexible loans to MSMEs

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit