The London-based Standard Chartered Bank expects to expand its outlets on the Chinese mainland from the current 83 to 100 by the end of 2012.

Standard Chartered will continue to recruit in China this year, as it seeks to open more branches and sub-branches across the country, said Peter Sands, CEO of the lender.

"We will continue investing significantly both on the Chinese mainland and Hong Kong. We remain very excited by the opportunities in greater China," he said.

In addition, Sands said the bank will play a leading role in the use of the renminbi in London and in supporting the authorities from both Hong Kong and London in considering London's role as a potential offshore renminbi center.