The new branch is OCBC Wing Hang China’s 19th branch. The bank has a presence in 14 Chinese cities.
Oversea-Chinese Banking Corporation (OCBC) (SGX:O39
) has opened a new branch in Wuhan in central China on March 21. The branch is opened under OCBC’s wholly-owned China banking subsidiary, OCBC Wing Hang Bank (China).
Wuhan, which is the capital of Hubei province, is one of the country’s largest transport, industrial and manufacturing hubs. The launch of the branch will support the bank’s ambitions to capture the growing trade and investment flows between Greater China and Asean. The branch will focus on supporting enterprises in the communication and technology, new energy, logistics, and real estate sectors with a suite of services including corporate financing, cash management, international settlement, investment and wealth management and cross-border trade settlement in renminbi (RMB).
