OCBC Looks to Greater Bay Area to Boost Profitability

The video discusses the business outlook for the next five years, emphasizing the importance of Singapore as a hub economy and the growth potential in the Greater China region, particularly the Greater Bay Area. The strategy includes capturing capital and wealth flows, with expectations to double net profit in five years. The insurance business faced challenges due to market conditions but is expected to recover. The market outlook for the year is challenging, with a tough first half anticipated, but improvements are expected if uncertainties are resolved.

Which market is expected to remain the most important for the company?

• Greater China

• Singapore

• United States

• Europe

What is the company's expectation for its net profit in the Greater Bay Area in five years?

• To triple

• To remain the same

• To decrease by half

• To double

What factors are expected to drive growth in the Greater Bay Area?

• New manufacturing plants

• Facilitating policies and capital flows

• Government subsidies

• Increased tourism

What impacted the insurance business in the fourth quarter?

• Mark to market of investment holdings

• Regulatory changes

• Natural disasters

• Increased competition

What is the expected market condition in the second half of the year?

• More challenging

• Stable with no growth

• Declining rapidly

• More conducive for investments