DBS CEO Piyush Gupta reportedly called US presidential candidate Donald Trump a dealmaker, adding that his victory in the upcoming elections could result in a favorable outcome for China.
With the upcoming US elections, one of the key foreign policy issues being closely watched is relations with China and whether or not tensions will intensify. According to DBS CEO Piyush Gupta, a Donald Trump victory could bode well for the world’s second-largest economy.
«Trump is a dealmaker […] he will be happy to be cutting deals and I think that's something that's helpful because the Chinese also like to cut deals,» Gupta said in a «Reuters» interview.
Greater Bay Area Opportunity
On China, Gupta spoke about DBS’ investment in Shenzhen Rural Commercial Bank and opportunities in the Greater Bay Area, an 11-city cluster in the southern region.
«It's a nice bank, it's wholly in Shenzhen […] we are the largest shareholder, it's in the small to medium enterprise space, it has nothing in property or real estate, it's relatively clean,» he explained.
«Over time as it grows, there is an agenda for it to IPO. We are so bullish on the Greater Bay Area […] we think activity is good. We think it's a great platform. But before we do that there is opportunity for two-way flow of business and frankly, our returns on our investment are great.»
