HSBC extends Chinese private banking network to lure new digital millionaires

HSBC extends Chinese private banking network to lure new digital millionaires

People walk past a major branch of HSBC at the financial Central district in Hong Kong, China February 21, 2017. REUTERS/Bobby Yip

HSBC Global Private Banking has launched its business in the large Chinese cities of Chengdu and Hangzhou, it said on Tuesday, to try to capture a bigger share of the local market as uncertainties cloud the potential for China’s wealth growth.