OCBC Bank and Bank of Shanghai deepened their strategic partnership and laid down the groundwork for future progress with the signing of an MOU on 24 May 2019 at the inaugural Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) meeting in Shanghai.
The MOU embodies the holistic spirit of the SSCCC, reaffirming broad-based bilateral cooperation in trade finance, corporate banking, treasury, and investment banking solutions, and even extending into emerging areas such as digital banking, supply chain financing and cross-border capital markets.
In addition, apart from the business opportunities afforded, this cooperation leads to knowledge and resource sharing which strengthens the personal relationships within the two banking communities.