In China, we have maintained a continuous presence since 1925, and established our wholly-owned locally incorporated subsidiary – OCBC China – in 2007. We obtained the RMB retail banking licence in April 2008. We provide a full suite of products and services to cater to individual financial needs: RMB and foreign currency savings accounts and fixed deposits, investment products such as structured products, dual currency returns and QDII (Qualified Domestic Institutional Investors), insurance plans (for family protection, retirement, education, medical and accident protection), Internet banking service, OCBC China debit card, ATM service and housing loans.
At the same time, we offer a comprehensive suite of business banking products and services to foreign companies and local enterprises. These include loans, deposits, syndicated loans, cash management, trade and treasury services.