Bank of China approved to set up Hong Kong branch

Source: Internet
Author: User
Keywords Bank journalist Treasury
The reporter was informed yesterday from the National Development Bank that the bank's application for the upgrading of its Hong Kong office to a branch was duly approved by the Hong Kong Monetary Authority and the opening of the Hong Kong branch was imminent.  This is the first business branch established by the National Development Bank outside the country. The National Development Bank was listed as a joint-stock bank at the end of last year, with 51.3% and 48.7% per cent of the Treasury and Central Huijin.  The opening of the Hong Kong branch, is also mainly responsible for policy role. It is understood that the forthcoming Hong Kong Branch is a fully functional licensed bank, mainly providing long-term loans to customers.
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