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OCBC Bank merges two China units
Published Mon, Jul 18, 2016 · 09:50 PM
Singapore
OCBC Bank said on Monday that it has merged its two subsidiaries in China - OCBC Bank (China) and Wing Hang Bank (China) Limited - to form OCBC Wing Hang Bank (China) Limited.
The merger would keep it compliant with China's single-presence policy for foreign banks, the bank said, and gives it the largest branch presence of the three Singapore banks in the Pearl River Delta region.
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