Bloomberg Law
Aug. 22, 2023, 12:00 AM

StanChart’s Asia CEO Ready for Bumpy Road, Bets on China Wealth

Denise Wee
Denise Wee
Bloomberg News

Standard Chartered Plc’s Asia Chief Executive Officer Benjamin Hung is convinced the Chinese wealth spigots will keep on flowing.

It won’t be smooth, but the trajectory of China’s markets continuing to open is clear even as challenges mount at this “moment in time,” Hung, 59, said in an interview in Hong Kong, the bank’s biggest market.

Benjamin Hung
Photographer: Lam Yik/Bloomberg

Standard Chartered, a London-based bank geared toward emerging markets, is heavily exposed to the Greater China region. Like other global lenders, StanChart has to navigate a deteriorating geopolitical climate, and slowing growth, that has prompted Wall Street firms including Goldman Sachs Group ...

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