CDF Voice | Bill Winters, Group Chief Executive, Standard Chartered PLC:We Have No Doubt about the Resilience of China
Since the outbreak of the COVID-19 epidemic, we’ve received video messages from CDF delegates who expressed their support to China.
Today’s video is from Bill Winters, Group Chief Executive, Standard Chartered PLC.
He said that “I would say the rest of world is very much with China in this particular fight.
We also know the fact that the result is going to be very very successful when we get this firmly contained and then go to a full recovery. So looking forward to discussing these and other things in China Development Forum later this year, and in the meantime, please know you have the complete support of Standard Chartered Bank. ”
After the outbreak of COVID-19, Standard Chartered PLC(China)donated RMB 1 million to Shanghai Charity Foundation to purchase the urgently needed medical supplies in Hubei Province, so as to provide protection for the medical staff on the frontline. Recently, Standard Chartered PLC launched a fundraising among global staff, calling on all our staff to volunteer their help to support the fight against the COVID-19.
---------------------------------------
The following is the full speech.
Very much looking forward to attending the China Development Forum later in this year.
We all know it needs to be removed because the tremendous challenges around the coronavirus, which affected all of us, but no body more than our friends, colleagues, and clients in China.
And we know China is the global growth engine and all that growth may be impacted in the early part of this year, we expect it to recover back to normal level very quickly.
I am very proud of my colleagues in Wuhan, Hubei province and the rest in China, who have done everything in their power to make sure the Standard Chartered Bank continues to operate in a smooth and seamless way, while dealing with tremendous adversity themselves.
Of course, our business has been impacted, as that is the economy of China, that is something we will be watching very carefully. But we have no doubt about the resilience of our business we have no doubt about the resilience of China.
First and foremost to contain the virus, which seems to be well under way and progressing in a very encouraging way. But also to get the economy back at running, and get these supply chains moving, minimize the disruption to the supply market and to the financial market more broadly.
But I would say the rest of world is very much with China in this particular fight. We know the decision has taken a long way and has been very bold, and also very disruptive for businesses and for people’s lives, but we also know the fact that the result is going to be very very successful when we get this firmly contained and then go to a full recovery.
At Standard Chartered, NO.1 on our list of strategic priorities, has been and continues to be to help China to grow, to grow jobs, to develop economically and help deliver prosperity to the people of China and the rest of the world.
That is something we will continue to invest in: investing in the opening up of capital markets, investing in helping Chinese companies to expand internationally, and helping bring international capital into China, which is extremely important for the post virus recovery phase as it has ever been.
So looking forward to discussing these and other things in China Development Forum later this year, and in the meantime, please know you have the complete support of Standard Chartered Bank.