British banking giant HSBC Holdings planning to capture wealth in the Asia-pacific region and as a part of its fastest growing business it is in the procedure of hiring 2000 people in mainland China and in Singapore over the next five years.

Singapore is the hub of wealth from Malaysia, Indonesia, the Philippines and China and therefore bank plans to expand its Singapore workforce by about 1,000 people. Mr. Peter Wong, chief executive officer for the Asia Pacific region said, that in China HSBC is looking forward to employee at least 2,000 employees.

At present bank have 5,000 employees in China and 3,500 in Singapore and has not specified the areas in which the hiring process will take place.

HSBC has invested more than US$5 billion (S$6.2 billion) in mainland China in last ten years including 8 billion yuan (S$1.5 billion) worth of registered capital in HSBC China, the bank's Chinese unit.

Among HSBC markets China was the fastest growing market last year with 94% pre-tax growth.