Business Story

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. UOB is rated among the world’s top banks: Aa1 by Moody’s and AA- by Standard & Poor’s and Fitch Ratings respectively.

Over more than eight decades, generations of UOB employees have carried through the entrepreneurial spirit, the focus on long-term value creation and an unwavering commitment to do what is right for our customers and our colleagues.

We believe in being a responsible financial services provider and we are committed to making a difference in the lives of our stakeholders and in the communities in which we operate. Just as we are dedicated to helping our customers manage their finances wisely and to grow their businesses, UOB is steadfast in our support of social development, particularly in the areas of art, children and education. 

United Overseas Bank (China) Limited (UOB (China)) is a wholly-owned subsidiary of United Overseas Bank Limited (UOB), a leading bank in Asia. UOB (China) is headquartered in Shanghai and was incorporated in the People’s Republic of China on 18 December 2007.

From our first representative office in Beijing in 1984, we have grown our network to 16 branches and sub-branches in major Chinese cities.

We have also been building on our strengths. In 2006, UOB was the first bank from Southeast Asia authorised to settle capital accounts in Shanghai. We received a retail RMB licence and Shanghai Gold Exchange (SGE) trading membership in 2008 and 2011 respectively. In 2012, we were awarded a Qualified Domestic Institutional Investors licence, and were one of four foreign banks to participate in bullion trading on the SGE interbank platform.

UOB (China) is one of the first foreign banks to obtain a local mutual fund licence in China, in 2013. The following year, we established a sub-branch in the Shanghai Free Trade Zone, and obtained a trial market maker licence for inter-bank gold bilateral transactions and a market maker licence for direct trading between RMB and the Singapore dollar in the interbank foreign exchange market. We also obtained the gold import and export licence in 2015. In 2018, UOB (China) became one of the first market makers for direct trading between the Renminbi (RMB) and Thai Baht. These achievements have enabled us to widen our product and service offering to our customers operating in China.

As we continue to grow our business, we remain committed to sharing our successes with the community. Since 2012, we have held the annual UOB Heartbeat Run/Walk to raise funds for underprivileged children and to support various education initiatives in China.

In 2015, UOB Group increased the registered capital of UOB (China) by RMB2.5 billion to RMB5.5 billion.
UOB (China) is rated ‘A+’ with stable outlook by Fitch Ratings. 

As we identify, attract and nurture talent in the many territories where we operate, UOB understands that character sets individuals apart and gives our organisation the edge over competition.

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