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Oriental City Group (OCG), a financial services company based in Hong Kong, has listed on PLUS Markets. It placed its entire share capital, some 32.7 million shares, at 30p each to raise about £9.8 million.

Founder and chief executive Henry Yu said that he expects the business to expand across Asia, particularly as the Chinese consumer market grows. Long-term, cards could be released in Europe and the US.

Founded in 2001, OCG issues lifestyle credit cards in Southeast Asia, which offer promotions in areas such as sport, beauty and travel. OCG has more than 70,000 card members in Hong Kong and China.

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