OCBC expects to tap China’s new economic initiative

By Feng Jianmin | April 30, 2015, Thursday |

Online Edition

SINGAPORE-BASED OCBC has expected to benefit from China’s “One Belt and One Road” initiative in boosting business cooperation between China and South Asian countries, bank officials said yesterday.

The belt and road initiative was put forward in 2013 to boost economic link between China and regions including the Middle East, Europe, Southeast Asia, Oceania and North Africa.

Kng Hwee Tin, Executive Director and Chief Executive Officer of OCBC China said the initiative will encourage more domestic companies setting up footprint in Southeastern Asia and foreign companies enter China’s domestic market.

OCBC China this year will integrate the network of Wing Hang Bank, which OCBC acquired last year, to boost OCBC’s presence in China.

The Hong Kong-based Wing Hang Bank has strong business network in China’s southern Pearl River Delta with 16 outlets.

OCBC China last year contributed 12 percent of the banking group’s total pre-tax profits, 6 percentage points higher than in 2013, Kng said.

Business Finance OCBC

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

OCBC expects to tap China’s new economic initiative

Email this to your friend