A higher level of perceived risk has surrounded growth opportunities in the Greater China region as increased Chinese threats against Taiwan have raised geopolitical tensions between Beijing and Washington over the past year. This has triggered many Wall Street firms to reassess the risks of doing business in the region.
DBS Group Holdings Ltd. is considering raising its stake in an unlisted Chinese bank as Southeast Asia’s biggest lender looks to take advantage of growth opportunities across the Greater China region despite heightened geopolitical tensions.
The Singapore-based lender is keen to explore increasing its holdings of Shenzhen Rural Commercial Bank either before or after an expected initial public offering in the next few years, Chief Executive Officer Piyush Gupta said Thursday during a briefing in Taiwan, without elaborating on the size of its planned investment. DBS also expects to see accelerated growth in Taiwan after its acquisition of Citigroup Inc.’s retail banking business there, Gupta added.
