To reaffirm its commitment to the Chinese market, United Overseas Bank opened its new headquarters building in Shanghai being the first office building owned by a foreign bank in the Lujiazui Financial District. The UOB Plaza is in the Lujiazui Financial District – China’s largest financial hub that drives Shanghai’s development as an international financial center.
According to UOB’s deputy chairman and CEO Wee Ee Cheong:
“For more than 30 years, UOB has been building our China franchise and deepening our relationships with customers, colleagues and the community. Our investment in UOB Plaza also symbolizes the connections we are building for our customers to seize regional opportunities.”
On the occasion of the 10th anniversary of UOB China, the official opening of the UOB plaza took place. UOB has 16 branches across 12 major cities in China.
UOB China’s president and CEO Peter Foo added the following:
“With China continuing to liberalize its financial sector and to promote regional initiatives such as the Belt and Road Initiative (BRI) and Greater Bay Area scheme, we will forge ahead to connect our customers to more opportunities within and across borders.”
UOB signed three Memoranda of Understanding (MOUs) namely: China CITIC Bank to help more companies invest within and outside China; with Singapore head-quartered development firm Ascendas-Singbridge Group to provide business and financial solutions for startups and small-and-medium sized (SMEs) in China and was with the Lujiazui Administration Bureau of the Shanghai Free Trade Zone to support the growth of the financial technology (FinTech) landscape in the Lujiazui Financial District.
About United Overseas Bank
Founded in 1935, United Overseas Bank (UOB) provides financial products and services through a network of nearly 500 offices in 19 countries and territories in the Asia Pacific, Europe, and North America. Headquartered in Singapore, United Overseas Bank employs around 25826 employees worldwide.