SHANGHAI, Aug 1 (Reuters) - Singapore's Oversea-Chinese Banking Corp. plans to raise its headcount in China to more than 1,000 by 2010 from 200 at present, the chairman of its China operations said on Wednesday.
The bank intends to open two new branches in the country every year before 2010, and aims to establish branches in Guangzhou and Chengdu this year, seeking business from wealthy Chinese clients, Soon Tit Koon told reporters.
Last month OCBC said it had obtained approval from Chinese banking regulators to incorporate in China, opening the way for it to develop retail yuan banking business.
