We first established our presence in China in 1925 with the opening of a branch in Xiamen and since then, have been operating without interruption for more than 90 years.
In August 2007, we incorporated a local entity in China, OCBC Bank (China) Limited. It offered a suite of personal banking products and services that catered to individual financial needs, and business banking products and services to foreign companies and local enterprises operating in the market.
In July 2014, we successfully acquired Wing Hang Bank in Hong Kong. Headquartered in Hong Kong, it was rebranded OCBC Wing Hang in Hong Kong and Macau on 1 October 2014 and became a wholly-owned subsidiary of OCBC Bank on 15 October 2014. Its subsidiary in China, Wing Hang Bank (China) Limited, was officially merged with OCBC Bank (China) Limited on July 2016 to become OCBC Wing Hang Bank (China) Limited (“OCBC Wing Hang China”).
Headquartered in Shanghai, OCBC Wing Hang China has a registered capital of RMB5 billion (S$1 billion) and is a wholly-owned subsidiary of OCBC Wing Hang in Hong Kong, which is itself, 100 per cent owned by OCBC Bank. OCBC Wing Hang China has 32 branches and sub-branches across 14 cities in China. 13 of these branches and sub-branches are found within the Pearl River Delta region.
OCBC Wing Hang China has RMB retail banking licenses for branches and sub-branches in Shanghai, Chengdu and the Pearl-River Delta region. It offers a full suite of personal financial products and services for retail customers. OCBC Wing Hang China leverages OCBC Bank’s international business network to offer a comprehensive suite of business banking products and services including loans, deposits, trade finance, cash management, international settlements, investment, cross-broader RMB settlements, supply chain financing, and Internet banking services. It supports foreign and local corporate customers ranging including financial institutions, offshore customers and OCBC Bank’s network customers. OCBC Wing Hang China also supports the needs of smaller businesses by offering innovative products including the pure credit financing product and SSME Unsecured Loan.