The Swiss bank’s marketing offensive in Asia, which also been supported by the National Bank and the Federal Council, seems to have been successful. The following data from 2017 shows it clearly:
Mainland China: Assets from China on Swiss banks increased by 69 percent to CHF 15.95 billion and assets from Swiss banks in China by 53 percent to CHF 21.37 billion.
Hong Kong: Assets from there increased by almost one third to CHF 50.49 billion and assets from Swiss banks in Hong Kong increased by 59 percent to CHF 67.99 billion.
Singapore: Assets from Singapore increased by 28 percent to 29.61 billion and assets from Swiss banks in Singapore by one third to CHF 43.67 billion.
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