DBS, OCBC expect boost from wealth product sales under new Chinese cross-border scheme

October 20, 2021 8:13 PM

SINGAPORE – New growth opportunities have emerged in China for Singapore banks, after the Hong Kong subsidiaries of DBS and OCBC banks said they received approval on Tuesday (Oct 19) to sell financial products in the mainland Greater Bay Area (GBA) under a new cross-border scheme.

Source : http://www.straitstimes.com/business/banking/dbs-ocbc-expect-boost-from-wealth-product-sales-under-new-chinese-cross-border