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.
OCBC Wing Hang Bank (China) Limited is headquartered in Shanghai and has a registered capital of RMB 5 billion (approximately S$1 billion). It employs more than 1,500 staff at its headquarter and 31 branches and sub-branches across 14 cities in China - Beijing, Shanghai, Xiamen, Tianjin, Chengdu, Guangzhou, Chongqing, Qingdao, Shaoxing, Suzhou, Shenzhen, Zhuhai, Huizhou and Foshan. 13 of the branches and sub-branches are located within the Pearl-River Delta region.
Wing Hang Bank (China) Limited was a subsidiary of the former Wing Hang Bank Limited in Hong Kong. Wing Hang Bank Limited was successfully acquired by OCBC Bank on 29 July, 2014. Headquartered in Hong Kong, it was rebranded OCBC Wing Hang Bank Limited in Hong Kong and Macau on 1 October 2014 and became a wholly owned subsidiary of OCBC Bank on 15 October 2014.
OCBC Bank first established its presence in China in 1925 with the opening of its Xiamen branch. It has been operating without interruption in China for more than 90 years since. OCBC Bank incorporated its local entity OCBC Bank (China) Limited, headquartered in Shanghai, on 1 August 2007.
OCBC Wing Hang Bank (China) Limited 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 services, investment products such as structured products, QDII (Qualified Domestic Institutional Investor), medical and accident protection insurance, local unit trust, Internet banking services, Debit Card, ATM services and personal loan products.
OCBC Wing Hang Bank (China) Limited leverages on 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 products, 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 Bank (China) Limited also supports the needs of small businesses by offering innovative products including unsecured financing to small business customers.