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UOB opens new Kunming branch

PC Lee Published on Thu, Nov 23, 2017 / 3:23 PM GMT+8

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SINGAPORE (Nov 23): United Overseas Bank (UOB) has opened its branch in Kunming, Yunnan. This is the bank’s 17th branch in China and its third in West China.

Yunnan is a strategic node of China’s Belt and Road initiative and has recorded strong trade and investment flows, especially from Hong Kong and Southeast Asian countries.

In the first half of 2017, the trade volume between Yunnan and Southeast Asia alone was RMB39.84 billion ($8.1 billion), accounting for 63.1% of the province’s total trade flow.

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UOB opens new Kunming branch