Ying Wang (left) and Irene Zeng

HSBC Singapore has announced two senior appointments to strengthen its China corridor business, deepening support for Chinese businesses and entrepreneurs as they expand into Singapore and across Asean.

The bank has appointed Ying Wang as head of distribution, international wealth and Premier banking ( IWPB ), effective February 26, and Irene Zeng as managing director, head of business development, China corridor, corporate and institutional banking ( CIB ), effective March 1.

As a strategic springboard into Southeast Asia and a multi-corridor hub for global expansion, Singapore plays a pivotal role in connecting Chinese enterprises to regional and international opportunities, the bank says. These appointments reinforce HSBC’s commitment to helping Chinese businesses and their owners capture growth across Asean through integrated banking, trade and wealth solutions, it adds.

Wang will oversee all sales and service channels, including the international wealth hub, direct sales, and contact centre. She will lead the team to focus on designing, unifying, and scaling omnichannel distribution strategies, building a high-performance culture and delivering a seamless, end-to-end customer experience across all touchpoints.

She has more than 20 years of experience spanning wealth management, product development, customer acquisition, and digital channels across Singapore and China. Most recently, she served as head of wealth and Premier solutions at HSBC China.

Zeng will focus on strengthening the bank’s support for China business and entrepreneurs with cross-border needs as they expand into Singapore and the wider Asean region. She will work closely with CIB’s global network banking team, as well as product and functional partners, to unlock new opportunities and deliver the full strength of HSBC’s global franchise for both corporate and institutional clients and Chinese entrepreneurs.

Zeng has more than 25 years of experience in corporate and transaction banking. Since joining HSBC in 2007, she has held senior leadership roles across global payments solutions in mainland China and Hong Kong. Most recently, she was head of global payments solutions at HSBC China.

Deepening China-Asean ties

The China-Asean business corridor shows strong potential, underpinned by resilient export growth, robust foreign direct investment, and deepening trade ties. Despite global uncertainty and US tariffs, Asean exports surged by 12% year on year and its share of global exports climbed to 9.4% in 2025, reflecting supply-chain diversification into the region. Asean now attracts 14.5% of global FDI and has been China’s largest trading partner for five consecutive years, with bilateral trade reaching US$984 billion in 2024.

HSBC says its latest appointments underscore its focus on capturing opportunities arising from deepening China-Asean trade and investment ties, while highlighting the strength of its global network and its ability to mobilize senior talent across markets.

Based in Singapore, Zeng will report to Gilbert Ng, head of banking – Singapore, CIB, while Wang will report to Ashmita Acharya, head of IWPB – Singapore.