OCBC Wing Hang (formerly Wing Hang Bank) became a wholly-owned subsidiary of OCBC Bank in October 2014. Headquartered in Hong Kong SAR, OCBC Wing Hang together with its subsidiaries and affiliated companies, offers a comprehensive range of commercial banking, share brokerage and insurance products and services. It has a network of over 80 branches and offices in Mainland China, Hong Kong SAR and Macau SAR.
OCBC Wing Hang Bank (China) Limited was established on 18th July 2016 with the merger of OCBC Bank (China) Limited and Wing Hang Bank (China) Limited, as approved by China Banking Regulatory Commission. OCBC Wing Hang Bank (China) Limited is directly owned by OCBC Wing Hang Bank Limited, a wholly owned subsidiary of OCBC Bank based in Singapore.
Headquartered in Shanghai, OCBC Wing Hang China has more than 20 branches and sub-branches across 14 cities in China. With a registered capital of more than RMB5 billion, it 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 including RMB and foreign currency savings accounts and fixed deposits, foreign exchange service, investment products such as structured products, QDII (Qualified Domestic Institutional Investor), medical and accident protection, local unit trust, Internet banking service, debit card, ATM service and personal loan products.
OCBC Wing Hang China leverages the OCBC group’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 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, SSME Unsecured Loan.
OCBC Bank established a strategic partnership with Bank of Ningbo in 2006. Bank of Ningbo is an associated company of OCBC and has a nationwide network comprising more than 380 branches, sub-branches and offices, covering the cities of Ningbo, Shanghai, Hangzhou, Nanjing, Shenzhen, Suzhou, Wenzhou, Beijing, Wuxi, Jinhua, Shaoxing, Taizhou, Jiaxing and Lishui.