DBS CEO Optimistic About Trump's China Deals

DBS Group CEO Piyush Gupta expressed optimism about potential deal-making between the U.S. and China under a Trump presidency, noting Trump's inclination for cutting deals aligns with Chinese preferences. Despite geopolitical tensions, Gupta remains positive about Asia's economic growth compared to other regions. DBS, the largest bank in Singapore and Southeast Asia, has become the largest shareholder in China's Shenzhen Rural Commercial Bank, positioning itself well in the Greater Bay Area. Gupta also hinted at the bank's plans for an IPO and highlighted the promising business prospects in the region.