DBS Group Holdings Ltd.\u2019s chief executive officer said fears about the impact of the U.S.-China trade war are \u201csomewhat overblown\u201d for now as the flow of goods and services remains largely intact. \u201cThe direct impact will not be very material,\u201d CEO Piyush Gupta said in an interview with Bloomberg Television on Tuesday. It\u2019s \u201cvery hard to shift supply chains.\u201d Gupta, 58, spoke on the sidelines of a Bloomberg forum in Singapore, where participants are debating the economic and commercial effects of trade friction stemming from the Trump administration\u2019s policies. The stakes are high for DBS, which is among the five biggest trade finance banks in Asia by market share, according to Greenwich Associates research. Gupta said in technology, for example, it takes three to four years to adjust manufacturing supply chains, and even for lower-end goods like refrigerators and vacuum cleaners it may take 12 to 18 months. The bigger concern is the potential for things like the financial-market sell-off to create a \u201cfeedback loop,\u201d he said. China remains ready to talk trade with Trump, deputy says at forum Southeast Asia\u2019s biggest bank is keen to seize business opportunities from China\u2019s growing global footprint, Gupta said. Most of DBS\u2019s activities \u201ctend to be outward bound\u201d in China, where the bank serves corporate customers, he said. President Xi Jinping\u2019s Belt and Road infrastructure initiative and the internationalization of the yuan present opportunities, he said. DBS has arranged equity capital funding and real estate investment trust transactions for Chinese companies outside their home market, Gupta said. The domestic Chinese REIT market could become bigger than the U.S.\u2019s at some point, he added. Still, he said it will remain tough for foreign banks to penetrate the domestic market given that they only have a combined 1 percent share. \u201cYour ability to be relevant to local companies tends to be somewhat limited,\u201d he said. The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News.