Credit Suisse's Sitohang Sees Huge Opportunities in Asia

The video discusses the 20th anniversary of the Credit Suisse Asia Investment Conference, highlighting significant global economic changes over the past year, including Brexit and shifts in US policy. It explores client sentiment, market trends, and the impact of regulations on wealth management. The discussion also covers investment banking challenges, restructuring strategies, and opportunities in Asia, particularly in China, amidst economic changes and regulatory developments.

What significant global event was mentioned as having occurred over the past year?

• Brexit

• The signing of a major trade agreement

• The discovery of a new continent

• The launch of a new space mission

How has client sentiment shifted according to the discussion?

• Clients are focusing solely on local markets

• Clients are more cautious and pulling back

• Clients are more active and optimistic

• Clients are indifferent to market changes

What is the focus of the investment banking business in Asia?

• Expanding into new markets in Europe

• Reducing operations and cutting costs

• Creating efficiency and focusing on opportunities

• Shifting entirely to digital banking

What is the bank's approach to regulatory changes in China?

• Working with regulators for transparency

• Avoiding compliance to maintain client base

• Relocating operations to another country

• Focusing only on domestic clients

What is the expected impact of China's new tax regulations on high net worth clients?

• Increased tax evasion

• Significant outflows of assets

• Complete withdrawal from the market

• A cleaner and more certain asset base

How does the bank plan to handle the slowing Chinese economy?

• By diversifying and creating value through various products

• By focusing on a single market segment

• By reducing its presence in China

• By increasing its stake in local companies

What is the bank's strategy regarding its joint venture in China?

• To withdraw from the joint venture

• To increase its stake and strengthen partnerships

• To focus solely on offshore markets

• To merge with a local competitor