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UOB eyes more business serving Chinese companies in Southeast Asia

Chan Chao Peh Published on Fri, Apr 13, 2018 / 5:45 PM GMT+8

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SINGAPORE (Apr 13): United Overseas Bank (UOB), which has built up a regional presence across Southeast Asia and in China, aims to increase the number of Chinese companies it do business with by 50% this year from 2017, as business activity across this region picks up in line with China’s Belt and Road Initiative (BRI).

Last year, UOB facilitated almost $20 billion in business flows from China to Southeast Asia. The bank is doing so via its FDI Advisory Unit, which was set up in 2011.

Besides providing financial services to these companies, UOB also works closely with government agencies, trade and industry associations and professional service providers to provide comprehensive business advisory services across the region.