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STANCHART Reportedly Plans to Expand Singapore Private Banking Team to Serve Affluent CN Clients
STANCHART (02888.HK) plans to expand its Singapore private banking team, doubling the number of bankers serving affluent Chinese clients, according to the Financial Times. The bank...
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STANCHART (02888.HK)  -3.600 (-2.154%)    Short selling $9.24M; Ratio 32.781%   plans to expand its Singapore private banking team, doubling the number of bankers serving affluent Chinese clients, according to the Financial Times. The bank expects to hire 50 new customer relationship managers in Singapore this year.

Singapore continues to be an important offshore banking hub for affluent Chinese clients, particularly those from northern and western China, the report quoted the bank as saying.

Although Singapore remains a promising location for offshore allocation of Chinese personal funds, recent money laundering investigations have prompted authorities to scrutinize the sources of wealth more strictly, causing some clients to turn to Middle Eastern countries, where opening accounts and family offices is relatively simpler, report told.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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