HSBC to add over 1,000 China tech jobs

It will boost headcount at Guangzhou, Shanghai and Xi'an by 14% from the current 7,000.

CNBC reports that HSBC is planning to add over 1,000 jobs at its tech development centres in China as part of its efforts to gain market share in the region.

Also read: HSBC targets US$1b in additional wealth revenue by 2020 from Asia's super-rich

The bank will boost staff numbers at its centres in Guangzhou, Shanghai and Xi’an by 14% from the current 7,000, HSBC CIO Darryl West told CNBC. “There is a lot more we can do with technology in mainland China. The level of technology adoption and innovation in China is way ahead of other markets,” West said.

After a painful restructuring, HSBC is shifting into growth mode with the aim of investing between $15-17b to its core Asian markets of Hong Kong and China as well as grow its technological capabilities, CEO John Flint said in 2018.

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