OCBC Private Bank to Sustain Hiring Push Despite China Slowdown

(Bloomberg) — Oversea-Chinese Banking Corp.’s private bank plans to add headcount to its China business, joining HSBC Holdings Plc and DBS Group Holdings Ltd. in staying bullish on the world’s second-largest economy despite a marked slowdown.

“With the Chinese economy being slower than anticipated, some clients or prospects have decided to leave some liquidity to shore up their operations in China,” Bank of Singapore’s Chief Executive Officer Jason Moo said in an interview this week.