simonbond :
Chinese market is definitely positive to Ocbc. Many Asean visitors to China wld be able to use Ocbc App to make Rmb payments by scanning Alipay QR code at millions of retail shops in China.
AzuresephereOPsimonbond:
however chinese market is very bad right now, bank of China is affected and so is housing market, currency of yuan is trading negative against the SGD
AzuresephereOP :
overseas chinese corporation bank has a lot of ties with chinese investments and properties, with a falling chinese market ocbc will be impacted alot
simonbond : Chinese market is definitely positive to Ocbc. Many Asean visitors to China wld be able to use Ocbc App to make Rmb payments by scanning Alipay QR code at millions of retail shops in China.
小超人爸爸 : ? Based on what you made such a statement.
AzuresephereOP : China Real Estate is in shambles, US is also in big trouble due to rising interest and inflation
AzuresephereOP : since OCBC is linked to China, it will definitely be affected badly
Edda simonbond: Your analysis is correct
AzuresephereOP simonbond: however chinese market is very bad right now, bank of China is affected and so is housing market, currency of yuan is trading negative against the SGD
bbparker AzuresephereOP: Ocbc linked to China? Isn’t ocbc a Singapore local bank?
AzuresephereOP : overseas chinese corporation bank has a lot of ties with chinese investments and properties, with a falling chinese market ocbc will be impacted alot
AzuresephereOP : why is also the reason why China chinese will come to Singapore to park their wealth here