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"China is of strategic importance to Standard Chartered. We are honored to be the first international bank to be granted this license," said Bill Winters, group chief executive of Standard Chartered."China is already being recognized as a major financial market. We are excited to be part of this process as we work closely to support our clients in their custody needs."
"Children tend to take better care of their aged parents when the elders are financially independent," he said.
"China has the complete industrial chain and system as well as a huge market. It is entrepreneurs who will finally make their choice cautiously," he said.
"China is an essential part of our long-term strategy. We are confident in the market's future development," Koay said.
"China is the No 1 growth market in the world, and they have been clear about their intended leadership in bringing hybrid and electric vehicles to market," said Don Walker, Magna CEO.
