OCBC opens Wuhan branch

OCBC Wing Hang Bank (China) now has 19 branches across 14 cities.

OCBC Wing Hang Bank (China) has officially opened a branch in Wuhan, the capital of the Hubei Province in Central China.

With this, OCBC’s China arm now has a network of 19 branches across 14 cities.

Speaking during the launch, OCBC group CEO Helen Wong said that the Wuhan branch will serve as the bank's headquarters in the Hubei province and Central China.

“This strengthened network enhances our ability to capture ASEAN Greater China trade and investment flows. We will provide differentiated banking services to our customers by leveraging our twin hubs of Singapore and Hong Kong, as well as our presence in Southeast Asia, while working together with local Chinese banks and foreign banks,” Wong added.

The Wuhan branch will in particular focus on supporting enterprises in the communication and technology, new energy, logistics, and real estate sectors, OCBC said in a press release.

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Products and services to be offered include deposits and loans, corporate financing, cash management, international settlement, investment and wealth management, cross-border trade settlement in Renminbi (RMB), supply chain financing, and online banking services.

The Wuhan branch will also help to drive green finance solutions and support clients’ transitions to a low-carbon economy, according to OCBC.

OCBC Bank Group CEO Wong; OCBC Wing Hang China director and CEO Wang Ke; and OCBC Wing Hang China Wuhan general manager Ye Jing officially opened the branch in Wuhan.

Also attending the event is the Hubei Province vice governor Chen Ping; Duan Yindi, director general of Hubei Provincial Bureau of Local Financial Regulation and Supervision; and Yang Ze Fa, vice mayor of Wuhan.

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