StanChart keen on digital presence in mainland

Standard Chartered Bank is looking for an opportunity to establish a digital bank in the Chinese mainland as it increasingly highlights the role of technology in its growth, said Bill Winters, group chief executive of the bank.

"We would love to have the opportunity to establish a digital bank in the Chinese mainland. That would be an area that we would be very keen to participate in. We think we could add some real value to Chinese customers by bringing some of our knowledge from other markets. If there are licenses going, we'd like one," he said on the sidelines of the recently concluded China Development Forum 2019.

Standard Chartered Bank (Hong Kong) Ltd announced on Wednesday the establishment of a strategic joint venture to deliver a new standalone digital retail bank in Hong Kong, partnering with PCCW Ltd, HKT Trust and HKT Ltd, and Ctrip Financial Management (Hong Kong) Co Ltd.