The Business Times
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OCBC eyes rising investment flows from Greater China companies expanding into Asean

Singapore’s position as a financial hub can support companies aiming to break into Asean, says bank’s chief, Helen Wong

Megan Cheah

Megan Cheah

Published Wed, Jun 5, 2024 · 06:06 PM
    • Helen Wong, group chief executive of OCBC, said Asean, as a recipient of Greater China investment flows, has increasingly become a prime spot for manufacturing, e-commerce and other industries.
    • Helen Wong, group chief executive of OCBC, said Asean, as a recipient of Greater China investment flows, has increasingly become a prime spot for manufacturing, e-commerce and other industries. PHOTO: YEN MENG JIIN, BT

    MORE companies in Greater China (China, Hong Kong, Macau and Taiwan) are looking to set up shop in Asean – and OCBC is looking to capture these flows, said OCBC group chief executive Helen Wong.

    She noted that 11 per cent of China’s outbound investment flowed into Asean in 2022, and believes that the figure would have been even higher last year.

    China’s outward direct investments into Asean rose between 2013 and 2018 at a compound annual growth rate of 13.5 per cent; between 2018 and 2022, it continued to rise at 8 per cent.

    OCBCHelen WongBankingChinaAseanIndonesiaMalaysiaSingaporeHong Kong

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