China

HSBC’s potential Asia split may signal that decoupling between the West and China is growing.

Bad loans are growing whilst new regulations' effects are yet to reflect.

The bank has also hired a senior wealth planner, to be based in Singapore.

Greater China Division President Dennis Chang will serve as its head.

9 in 13 sectors reported an increase in payment delays.

More than 700 employees are now based in the GBA Centre.

But they also face a difficult 2022 due to a triple whammy of challenges.

Banks are expected to perform well in Q1, but market risks are on the rise.

Government stimulus is expected to support loan growth throughout the year.

Traction from its wealth management business will support profits.

Current CEO Neil Ge will be retiring from the bank at the end-June 2022.

Top banks reportedly mull passing some of their business to small domestic-focused peers to avoid secondary sanctions.

Any move to play saviour could also damage China, warns Natixis.

This comes after Beijing vowed to keep the property market stable.

The market is expected to register a strong growth of 17% in 2022.

Capital will be used to develop cross-border services and push sustainability strategy.