HSBC Targets Healthcare Partnership As New Client Source

Editorial Staff

11 January 2023

, for example, made such a move last year (see this interview).

MediTrust’s network includes international and mainland China local pharmaceutical companies, pharmacies, hospitals and wellness service providers, and provides health and medical services to more than 200 million insurance policyholders in more than 100 cities.

“Our investment in MediTrust underscores our strategic focus on growing our health, protection and wealth capabilities in mainland China and, importantly, across the Greater Bay Area,” Nuno Matos (pictured), chief executive, wealth and personal banking, HSBC, said.

“The investment into MediTrust is part of HSBC’s strategic investment agenda in companies that will support the delivery of the group’s growth strategy, particularly in Asia’s burgeoning wealth and health space,” UK/Hong Kong-listed HSBC said.

Besides the investment, HSBC and MediTrust will collaborate on initiatives to expand their respective businesses and deliver a broad range of health, wellbeing, and protection solutions for customers in the world’s second largest healthcare market.

Seth Zhang, founder and CEO of MediTrust said: "This partnership enables us to leverage HSBC’s global network and capabilities to jointly develop industry-leading medical and healthcare solutions.”