STANDARD Chartered Bank plans to double client revenue from its wholesale banking sector in China in five years ending 2011 and become one of the top three foreign lenders in the country.

"In China, our wholesale banking client revenue grew 39 percent in 2006 and we continued to see similar strong growth momentum in the first quarter of 2007," said Andrew Bester, managing director and regional head of Standard Chartered Wholesale Banking Client Relationships, China and Japan, yesterday in Shanghai.

The bank's wholesale client revenue is generated from services to corporate clients such as lending or trade financing.

The China market includes the Chinese mainland, Hong Kong and Taiwan.

"China is the market with the highest growth in wholesale banking franchise globally for Standard Chartered," said David Godwin, managing director and head of wholesale banking client relationships, Standard Chartered (China) Ltd. "Client revenue and profits from wholesale banking in mainland China are almost doubled year on year."

The strong growth is derived from areas including cash management, trade, interest rates and foreign exchange sales.