Determine if the sentence is true based on the text below:
About 17 new employees are beeing added to the wealth management arm this year

Exclusive - HSBC to boost China staff by up to 1,000 in 2017, mostly in Pearl River Delta HONG KONG HSBC plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's regional head said, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China.