The Business Times
business-time-50

China Merchants Bank opens private banking arm in Singapore

Published Wed, Apr 26, 2017 · 07:07 AM

    CHINA Merchants Bank, China's largest private bank by assets, on Wednesday expanded its private banking business in Singapore.

    It managed about 1.7 trillion yuan in private-banking assets as at the end of 2016. It set up its corporate banking services in Singapore in 2013. As at March 2017, the bank's operations in Singapore had about US$2 billion in assets.

    China Merchants BankAsian private banking

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Sultan Ibrahim Iskandar’s S$6.1 million purchase comes as the iron ore producer expands its presence in Malaysia’s rare earths industry.

    Malaysian king buys stake in Singapore-listed mining firm expanding into rare earths

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

    Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

    NHG Health said in a Facebook post at about 9 am that call services across its cluster are “temporarily unavailable”.

    Longer wait times expected as S’pore healthcare institutions report system disruptions

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More