DBS to Boost Investments, Hiring in China’s Greater Bay Area

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DBS has been keen to expand its business in China, earlier this year signaling its interest to increase its holding in a local Shenzhen bank. Photo: Bloomberg

(Bloomberg) — DBS Group Holdings Ltd., Southeast Asia’s largest bank, will increase investment and hiring in China’s Greater Bay Area as it expects growth in the region to outpace the rest of the country, according to the lender’s head of North Asia.

“There’s no reason not to be optimistic about the future and the long-term prospects of China,” Sebastian Paredes, who is also the chief executive officer of DBS Bank in Hong Kong, said on Bloomberg TV Wednesday.