Business Story

UOB is a leading bank in Asia with a global network of around 500 branches and offices across 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, as well as branches and offices across the region.

In 1935, amid the economic uncertainties following the Great Depression, UOB opened its doors to provide banking services for the merchant community in Singapore.

Since then, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world's top banks: 'Aa1' by Moody's Investors Service and 'AA-' by both S&P Global Ratings and Fitch Ratings.

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

UOB provides a wide range of financial services globally through our three core business segments – Group Retail, Group Wholesale Banking and Group Global Markets. Our offering includes consumer banking, private banking, commercial banking, transaction banking, investment banking and treasury services. Through our subsidiaries, we also provide asset management, private equity fund management and insurance services among others.

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 Renminbi (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 interbank 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 the first market makers do execute direct trading between the RMB and the Thai Baht. The Bank also successfully priced its three-year onshore RMB financial bond through the China interbank market and the Bond Connect scheme (BCS), which is the first onshore financial bond issued by a Southeast Asian bank through the BCS. In 2019, UOB China became the first Southeast Asia-headquartered bank to be a member of the Shanghai Futures Exchange and the first foreign bank to be a Fixing Member for the Shanghai Silver Benchmark Price. UOB China also became one of the first foreign bank members of the Cross-border RMB Trade Finance Trading Platform in 2020. In 2021, the Bank is approved to be one of the first direct market makers for RMB and Indonesia Rupiah. These achievements have enabled us to widen our product and service offering to our customers operating in China.

UOB Group increased the registered capital of UOB China by RMB2.5 billion in 2015 followed by another capital injection of RMB2 billion in 2021. UOB China's current registered capital is RMB7.5 billion and the Bank is rated 'A+' with a stable outlook by Fitch Ratings and 'AAA' with a stable outlook by China Cheng Xin International.

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 China is steadfast in our support of social development, particularly in the areas of art, children and education.

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.

Our Values

Customer Commitments