HSBC aiming to enhance China wealth management businesses

HSBC Holdings (LSE: HSBA) is aiming to grow its wealth management business in China.

The bank said that it is aiming for growth using both organic and inorganic routes. Months ago, the bank had said that it is aiming to reach 2,000 to 3,000 China-based wealth planners within four years.

The firm is also believed to be planning to build a global hub in the UAE by 2024.