WEALTH MANAGEMENT | Tony Chua, Malaysia

OCBC to kickstart "Go China" campaign

Customers could fulfill investment with package offering new range of financial solutions with exclusive China focus.

CBC Bank (M) Bhd is rolling out "Go China" campaign Monday to tap China's long-term growth potential.

In a statement in Kuala Lumpur on Friday, the bank said it was confident of China's growth potential and expected a major medium- to long-term benefits for the region given the expected increase in intra-region trade and potential rise in interest in regional financial assets from China.

Its head of wealth management, Ong Shi Jie, said retail customers could capitalise on China's growing presence on investors' radar screens with the launch of the campaign.

Ong said investors could fulfil their investment or transactional needs with the package offering a new, comprehensive, range of financial solutions with an exclusive focus on China.

"As part of our holistic approach to offering customers a range of products linked to China, as the country moves up the ranks as an economic powerhouse, we have decided to offer a fairly comprehensive suite of products through this campaign," she said.

The package consisted of:

China yuan call account, a deposit account that allows customers to hold on to the yuan while earning interest on it;

The Pacific ELITE China Growth Fund, the only unit trust fund investing in China equities that comes without sales charges upfront; and,

The yuan forex and remittance services that do away with multiple currency conversions and allows for direct exchange and remittance in yuan to any banks in Mainland China.

View the full story in Bernama.

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