Credit Suisse's Thiam: We Have Great Hopes for China

The video discusses changes in the global market over the past five years, emphasizing the rise of emerging markets, particularly China. It highlights the impact of central bank policies on global markets and the bank's strategy to focus on wealth management as a profitable venture. The discussion also covers growth opportunities in Asia, with a focus on Japan and China, and stresses the importance of compliance and ethical practices in banking. The bank's future strategy includes recruitment and expansion in Asia, aiming for compliant and profitable growth.

What major trend has continued in the global economy over the past five years?

• The decline of emerging markets

• The stabilization of interest rates

• The rise of emerging markets

• The decrease in global trade

What is the bank's primary strategy for growth?

• Investing in cryptocurrency

• Becoming a wealth manager

• Expanding into new continents

• Focusing on retail banking

Which region has shown significant growth for the bank?

• Asia

• Africa

• North America

• Europe

What is the bank's stance on tax compliance?

• It is only required for new clients

• It is mandatory for all clients

• It is not a concern for the bank

• It is optional for clients

What is the bank's policy regarding offshore structures?

• They are accepted without conditions

• They are only accepted if they serve a legitimate purpose

• They are strictly prohibited

• They are encouraged for tax avoidance

What collaboration did the bank recently announce?

• A joint venture with Google

• A partnership with Palantir

• An acquisition of a tech startup

• A merger with another bank

How does the bank ensure compliance with tax regulations?

• By outsourcing tax compliance

• By ignoring tax compliance

• By requiring clients to certify their tax compliance

• By offering tax avoidance services