SINGAPORE (Aug 13): Oversea-Chinese Banking Corp figures in our picks because of its interesting growth story. The bank had been aggressively expanding its wealth management business but, in more recent times, China’s Greater Bay Area (GBA) — comprising Hong Kong, Macau and nine cities in Guangdong province — has been a catalyst for growth.

In June, OCBC CEO Samuel Tsien said the plan would not have been as effective without the bank’s acquisition of Wing Hang Bank in Hong Kong in 2014, which has given the bank the “platform” to capture the “flow business” between Southeast Asia and GBA.

At OCBC’s 2Q results briefing on Aug 6, Tsien reiterates the potential of GBA: It is three times the size of Indonesia’s economy — Southeast Asia’s largest — and growth in Greater China will help generate more business and revenue potential for the bank, which has a physical presence there.

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