China, HK remain biggest market for Credit Suisse

China and Hong Kong have remained the biggest growth market for Credit Suisse in Asia-Pacific. Credit Suisse is now evaluating its presence in 13 locations in the region to simplify operations in each location, as part of a global revamp. Credit Suisse’s Singapore-based Asia-Pacific chief executive Edwin Low said that it is very clear that the market is bigger in China than in Southeast Asia, Australia, or India. Credit Suisse forecasted that the number of Chinese millionaires will double by 2026. Credit Suisse has also struck a deal to buy out its Chinese partner in a local securities joint venture at a time when plans of its global overhaul were being deliberated internally.