(Bloomberg) -- Standard Chartered Plc’s chief executive officer said Hong Kong is bouncing back and the lender remains committed to the Chinese market despite Covid-related disruptions.

“We’re seeing a healthy level of resilience and recovery in markets like Hong Kong,” Bill Winters said in an interview on Bloomberg TV Thursday. “The underlying economic activity remains strong.”

He also said the lender wasn’t “hesitating at all” when it comes to investing in China even as Covid lockdowns continue to disrupt major cities. “Our investments in China are very long term and reflect a few underlying themes that we don’t see having changed at all,” Winters said.

The executive also said governments and the private sector needed to redouble their focus on meeting climate goals, noting that the world is “not moving anywhere near as fast as we need to.”

Winters said the exit of DWS Group’s CEO last week over allegations of greenwashing was “a wake up call” for the entire financial industry. He said his firm was looking to move faster to meet sustainability goals.

“We don’t have a debate on climate change at Standard Chartered,” he said. “I’ve not come across a colleague here who thinks that our focus is misplaced.”

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