Singapore's OCBC Mounts China Hiring Spree to Tap Growing Wealth

The video discusses the strategic opportunities in the Greater Bay Area, focusing on partnerships with Chinese banks and the growth of private clients. It highlights the income contributions from China and Singapore, emphasizing the importance of the Chinese economy. The expansion strategy includes increasing presence in Southeast Asia and adopting the China plus one strategy. Challenges such as the Delta variant are acknowledged, with a focus on prudence and recognizing opportunities.

What is the primary focus of the partnerships with Chinese banks?

• To invest in American markets

• To establish a new headquarters in Singapore

• To facilitate customer referrals to Hong Kong

• To increase the number of branches in China

What percentage of the total income is currently contributed by China?

• 40%

• 25%

• 50%

• 30%

Which strategy involves having a second stop in Southeast Asia?

• Intra-Asian trade strategy

• Greater Bay Area strategy

• China plus one strategy

• Offshore investment strategy

What is the plan for the Bank of Singapore in Hong Kong over the next two years?

• To double the number of employees

• To maintain the current number of employees

• To relocate employees to Singapore

• To reduce the number of employees

What is a major concern affecting growth in Southeast Asia?

• The rise of new competitors

• The infectious Delta variant

• Lack of investment opportunities

• Political instability