HBL hosts ‘China story’ session

KARACHI: Habib Bank Limited (HBL) held a special session titled the ‘HBL China Story’ on Friday, reflecting on its journey and growth in China since 2005.

The event, which underscored HBL’s unique position as the first and only Pakistani bank with branches in Beijing and one of the few banks from South Asia and the MENA region offering comprehensive RMB intermediation in China, was attended by key dignitaries including HE Zhang Hao, acting consul-general of China in Karachi, and Sultan Ali Allana, chairman of HBL.

The session featured a presentation by Wei Cheng, HBL’s country manager for China, who detailed the bank’s development and achievements in the Chinese market. The event centred on exploring future opportunities and strategies for HBL’s continued expansion and growth in China.

Chairman Sultan Ali Allana emphasized the importance of China to HBL’s global strategy. “HBL’s journey in China began in 2005 with the establishment of a representative office in Beijing. Over the years, China has become a cornerstone of our strategy, significantly contributing to our growth and facilitating trade in the region while promoting business in RMB. We are immensely proud of the critical role played by our China team in serving clients across our network in the UAE, Sri Lanka, Maldives, Bangladesh, and Bahrain,” Allana remarked.

Wei Cheng, country manager for China, spoke about the bank’s successful integration and expansion in the Chinese market. “HBL’s growth in China is a testament to our strong relationships with local partners and our ability to adapt to the unique needs of this dynamic market. Our continued success will be driven by innovation, collaboration, and a deep understanding of the Chinese market.

By leveraging the strength of our group and our understanding of local dynamics, we are well-positioned to meet the diverse needs of our clients across HBL’s global network,” Cheng stated.

The ‘HBL China Story’ session highlighted HBL’s strategic focus on China as a key market and its commitment to fostering further growth and collaboration in the region.