In a boost to incoming business from China to Malaysia, OCBC Bank (Malaysia) Berhad (OCBC Bank) has tied up with China-based Yingke Consulting Sdn Bhd (Yingke Malaysia) to provide their existing and potential customers with value-added banking solutions.

Yingke Malaysia is the official local branch of Yingke Law Global Network (Yingke), a global legal services institution from China that provides one-stop professional business services worldwide, and has ranked first in the Global 200 for number of lawyers for consecutive years, while OCBC Bank is part of the region’s second largest financial services group, the OCBC Group.

Embarking on its latest chapter in Malaysia, Yingke will - through Yingke Malaysia – collaborate closely with local legal, financial, and licensing institutions to provide clients with comprehensive support in business, legal, financial, and tax matters, thereby realising its vision of establishing a "Global One-Hour Legal Service Ecosystem".

The business scope encompasses providing domestic investors with integrated legal protection and professional service support to meet the diverse development needs of enterprises and investors. Simultaneously, it promotes cooperation and integration between enterprises and investors from both countries.

Speaking at the Memorandum of Understanding (MoU) signing ceremony in Malaysia recently, Ms Yao Yanfei, Executive Director, Yingke Malaysia said the top tier professional organisation with over 120 centres in China is looking to build sustainable China business leads vis-à-vis assisting these companies to gain valuable financial assistance through the tie-up with OCBC Malaysia Bank.

“With its strong local presence and solid regional network, OCBC Bank is poised to become not only an entry point for banking solutions to our customers but also a source of continued support to grow their business and realise their aspirations in Malaysia. Specifically, these customers will be able to gain from OCBC Bank’s award-winning cash management and foreign exchange management services along with their financing products,” she said.

MoU between OCBC Bank and YingKe Consulting Sdn Bhd: (L-R) Mr San Shiuh Loon, Vice President, Enterprise Banking, OCBC Bank (Malaysia) Berhad; Ms Leong Pei Pei, Head of China Business, OCBC Bank (Malaysia) Berhad; Mr Jeffrey Teoh, Managing Director & Head of Wholesale Banking, OCBC Bank (Malaysia) Berhad; Ms Yao Yan Fei, Executive Director, Yingke Malaysia; and Mr Mei Xiang Rong, Secretary of the Party Committee, Director and Head of the Global Board of Directors of Yingke Law Firm.

OCBC Bank’s Head of China Business Ms Leong Pei Pei said the partnership with Yingke Malaysia paves the way for a seamless banking experience for Yingke’s China-based customers seeking to thrive in Malaysia.

“We are confident of making a significant difference to both Yingke Malaysia’s existing and potential customers through our tailored solutions. As the bulk of Yingke’s businesses centre on manufacturing, we see our award-winning banking solutions becoming an immediate hit with them. Customers are looking for greater convenience, safety and security so their businesses can thrive and move forward more smoothly in today’s fast paced digital world. To fulfil this need, they will be able to leverage on our digital banking expertise and the full range of our financial solutions that are tailored to meet their unique needs.

 “The collaboration represents a major step in promoting an integrated set of professional services for commerce to thrive among our customers. At the same time, it allows us to provide more comprehensive and efficient financial solutions to Chinese enterprises venturing into Malaysia, elevating the economies of both countries,” she said.