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OCBC merges two China units

ocbc wing wangOCBC Bank has merged its two banking units in China – OCBC Bank (China) and Wing Hang Bank (China) – to become OCBC Wing Hang Bank (China). With headquarters in Shanghai, the merged entity will have a registered capital of five billion yuan. OCBC Wing Hang China employs more than 1,500 people at its 32 branches and sub-branches across 14 cities in China. OCBC said in a statement the establishment of OCBC Wing Hang China empowers OCBC Bank to effectively drive its Greater China strategy across the key markets of China, Hong Kong and Macau under one single platform and a unified brand name of OCBC Wing Hang.

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