, China

Bank of Communications to launch HK private banking

The lender sees Hong Kong capable of attracting investors of private trust funds and investment immigration.

Bank of Communications, the mainland's fifth-largest lender by market value, recently launched its "OTO Fortune" services, a financial service provided by BoComm to its VIP customers, in Hong Kong, became the first mainland bank to introduce private banking services in Hong Kong, sources reported.

Ye Diqi, vice president of the bank, said that Hong Kong, as an offshore platform for international trading and capitals, attracts numerous investors to the island, thus the lender targets to launch this cross-border financial management services in Hong Kong, according to a report in China Knowledge.

The bank's Hong Kong branches and three subsidiaries will jointly provide various overseas financial products and services, including private trust funds and investment immigration.

BoComm has so far established seven branches and two representative offices in overseas markets, which will further support the lender's cross-border wealth management.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

What is Lorem Ipsum?
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Exclusives

Sed molestie interdum dui sit amet egestas
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.