Malaysia’s banks expand in China
(21 September 2012 – China) Malaysian banks are continuing their expansion into China with five of its 10 "anchor banking groups" already doing business on the Mainland.
Maybank; Malaysia’s largest bank, has branches in Beijing and Shanghai. The latter’s Pudong branch has been especially successful in drumming up business.
CIMB Bank, the consumer bank of CIMB Group, has a 19.99 percent stake in Bank of Yingkou Co Ltd and an investment banking business through CIMB Securities Hong Kong.
Bank of Yingkou, which is based in the city of Yingkou in Liaoning Province, plans to expand its operations throughout China.
Public Bank Berhad, Malaysia’s leading bank in shareholder funds, bought Asia Commercial Bank in 2006 and renamed it Public Bank (Hong Kong).
Public Bank (Hong Kong) is currently focusing on expanding its retail and commercial banking business and on building its brand name through branch expansion and aggressive marketing.
Hong Leong Bank, which was founded in 1905 in Sarawak, bought a 20 percent stake in the Bank of Chengdu, Sichuan, an investment that has proven profitable for Hong Leong.
Affin Bank, Malaysia’s smallest anchor bank, intends to launch Islamic banking in China through its shareholder, Bank of East Asia.
Through its subsidiary, Affin Islamic Bank Berhad, the bank offers a range of Islamic banking products and services in the areas of enterprise and consumer banking.
CIMB Bank, the consumer bank of CIMB Group, has a 19.99 percent stake in Bank of Yingkou Co Ltd and an investment banking business through CIMB Securities Hong Kong.
Bank of Yingkou, which is based in the city of Yingkou in Liaoning Province, plans to expand its operations throughout China.
Public Bank Berhad, Malaysia’s leading bank in shareholder funds, bought Asia Commercial Bank in 2006 and renamed it Public Bank (Hong Kong).
Public Bank (Hong Kong) is currently focusing on expanding its retail and commercial banking business and on building its brand name through branch expansion and aggressive marketing.
Hong Leong Bank, which was founded in 1905 in Sarawak, bought a 20 percent stake in the Bank of Chengdu, Sichuan, an investment that has proven profitable for Hong Leong.
Affin Bank, Malaysia’s smallest anchor bank, intends to launch Islamic banking in China through its shareholder, Bank of East Asia.
Through its subsidiary, Affin Islamic Bank Berhad, the bank offers a range of Islamic banking products and services in the areas of enterprise and consumer banking.
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