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News - Detailed News Story


Stock Chart
Last Done 10.670
Change -0.230 (-2.11%)
Volume 6,625.6
Range 10.650 - 10.740

Importance of HK will not diminish: OCBC CEO

20 Aug 2019 09:00

By Jamie Lee

THE backdrop seemed dismal as protesters turned mobbish at some point amid police clashes, crippling much of international travel into Hong Kong over two days.

But OCBC's chief executive officer, Samuel Tsien, was an outward picture of calm, hosting analysts and reporters in Hong Kong at a corporate presentation on the results of the bank's Wing Hang integration since the acquisition some five years ago.

The show of confidence reflects his view that Hong Kong is not playing second-fiddle to a Chinese city, and that it remains an important financial centre to tap China's rise as a global powerhouse.

"I don't think China has got the intention of replacing Hong Kong with a Chinese city," Mr Tsien told The Business Times, pointing to the different legal system and deep international knowledge of the financial centre.

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Source: Business Times

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