OCBC has entered into a strategic cooperation agreement with ZGC International, a Beijing state-owned enterprise, to aid the expansion of high-growth Chinese technology companies into the ASEAN region. This partnership aligns with OCBC’s corporate strategy, The Next Frontier, which focuses on capturing ASEAN-Greater China trade and investment flows.
The collaboration will leverage ZGC’s extensive network of technology parks and innovation clusters across key Chinese cities, including Beijing, Tianjin, and Guangzhou. This network, comprising over 14,000 technology companies, will provide OCBC with direct access to high-growth Chinese firms planning to expand into ASEAN. The sectors identified for strong cross-border opportunities include artificial intelligence, life sciences, software services, and advanced manufacturing.
Both OCBC and ZGC have committed to facilitating regular engagements, including joint events, technology park visits, and business matchmaking sessions. An event at the ZGC Beijing Software Park in June 2026 saw OCBC engage with 25 attendees from AI and advanced manufacturing companies, indicating the momentum already building from this partnership.
The agreement was signed at OCBC Centre on 31 July 2026 by Lu Peng, Deputy General Manager of ZGC International, and Elaine Heng, Head of Global Commercial Banking at OCBC. Representatives from the Singapore Economic Development Board and other strategic partners were present, underscoring the significance of this collaboration in supporting Chinese corporates’ internationalisation efforts across ASEAN.
