OCBC Bank (Hong Kong) Limited

OCBC Bank (Hong Kong) Limited (formerly Wing Hang Bank Limited and OCBC Wing Hang Bank Limited) is a licensed bank headquartered in Hong Kong. It became a wholly-owned subsidiary of Singapore’s Oversea-Chinese Banking Corporation (OCBC) on October 15, 2014, enhancing OCBC’s regional network with 70 branches across Hong Kong, Macau, and mainland China.

History

• Foundation: Established in 1937 as Wing Hang Ngan Ho in Guangdong, primarily for currency exchange.
• Expansion to Hong Kong: Re-established in Hong Kong in 1945 with HK$300,000 in capital.
• Incorporation: Became Wing Hang Bank in 1960.
• International Partnership: Irving Trust Company acquired a majority stake in Wing Hang Bank in 1973, and the bank was redeveloped.
• Public Listing: Listed on the Hong Kong Stock Exchange in 1993.
• Acquisitions and Mergers:
  • Merged with Chekiang First Bank in 2004.
  • Acquired Inchroy Credit Corporation in 2007.
  • Merged into Bank of New York Mellon in 2007, with the establishment of Wing Hang Bank (China).

Acquisition by OCBC

• OCBC Purchase: Acquired by OCBC for S$6.23 billion in 2014, subsequently delisted.
• Rebranding: Renamed as OCBC Wing Hang to align with the OCBC brand.
• Unified Branding: Rebranded as OCBC Bank (Hong Kong) Limited in July 2023, with a new logo and slogan, “For now, and beyond” (心所向, 行致远).

Management and Operations

• Leadership:
  • Chairman: Khoo Cheng Hoe Andrew.
  • Chief Executive: Wang Ke.
• Network:
  • Hong Kong: 25 branches, 5 premier banking centers, and 2 wealth management centers.
  • Mainland China: OCBC Bank Limited (OCBC China) with branches in Shenzhen, Guangzhou, Shanghai, Beijing, Chengdu, and Zhuhai.

Subsidiaries

As of April 30, 2024, OCBC Bank (Hong Kong) Limited oversees five main subsidiaries:

1. OCBC Bank Limited (OCBC China)
2. Banco OCBC (Macau), S.A.
3. OCBC Securities Brokerage (Hong Kong) Limited
4. OCBC Insurance Brokers (Hong Kong) Limited
5. OCBC Nominees Services (Hong Kong) Limited

With this structure and regional presence, OCBC Bank (Hong Kong) Limited provides a range of financial services, from banking to brokerage and insurance, ensuring comprehensive support for clients.