Huang Bijuan: Took charge of HSBC China branch

HSBC (China) Co., Ltd. declared on June 4 that its vice CEO Huang Bijuan was appointed the president and CEO of HSBC China. The positions were previously held by Weng Fuze. Huang’s appointment still has to wait for the approval of regulation department.

Weng Fuze, who has chaired HSBC China for six years, developed HSBC into the foreign bank with the largest number of branches in China. It has seen three straight years’ profits. The source said that Weng Fuze’s achievements have already laid foundations for HSBC to go public in China’s yuan-denominated A-share market. Huang Bijuan, who accumulated 25 years’ experiences of working in the commercial banks and investment banks in China, is thought to most suitable leader to help HSBC to go public in the A-share market.

Huang Bijuan joined in HSBC in 1992. She mainly served in the credit lending department. During this period she developed a series of new businesses and projects and contributed a lot to the establishment of HSBC’s brand in the Asian capital market. She was also involved in the HSBC’s issuance of floating rate RMB bond and consignment sales of RMB financial securities.

Huang was appointed vice CEO of HSBC China in September 2009 and was in charge of global banking service and so on. Meanwhile, she was responsible for the cooperation among HSBC China’s branches and strategic partners.

HSBC’s intention to go public in the A-share market has already been known to everyone. Michael Geoghegan, CEO of HSBC Holdings, said in April that to go public in Shanghai is the primal task for HSBC Holdings in this period. Huang was believed to be the best leader of this action.