CCB opens first representative office in Taipei

16:24, May 13, 2011      

Email | Print | Subscribe | Comments | Forum 

China Construction Bank (CCB), the country's second-largest lender by market value, said on Friday its first representative office in Taiwan has opened in Taipei, signaling the lender's latest move to establish a cross-Strait service network.

CCB President Guo Shuqing said the establishment of the representative office in Taiwan would deepen its business ties with local financial institutions and help it provide better services to Taiwan companies and compatriots.

The mainland has long been Taiwan's biggest trading partner, export market, overseas investment destination and source region of trade surplus. The mainland-Taiwan trade surged 36.9 percent year on year to 145.37 billion U.S. dollars last year.

In June 2010, the mainland and Taiwan signed their first trade pact, the Economic Cooperation Framework Agreement, which has further enhanced cross-Strait economic cooperation.

In recent years, CCB has rapidly expanded its overseas banking network. It currently has branches in Hong Kong, Singapore, Frankfort, Johannesburg, Tokyo, Seoul, New York, Sydney and Ho Chi Minh City, as well as representative offices in Moscow and Taipei.

The lender's total assets reached 10.8 trillion yuan (about 1.66 trillion U.S. dollars) at the end of last year, while its 2010 net profits hit 135 billion yuan.

Source: Xinhua
 
 
     
 
BRICS Leaders Meeting 2011
 
Japan in aftershocks
 
     
 
 
 
  Weekly review  
 
May 05   Fight against terrorism should strike at roots
 
April 29   'Human rights overriding sovereignty' only a mask of hegemony
May 04   Human rights dialogues need mutual understanding
May 03   Highlights of China's sixth national census results
May 07   The week in pictures
May 03   Expats seeking opportunities in China
May 04   Some Chinese colleges face decreasing enrollment, struggle to survive
May 05   French leader: China's peaceful rise puts world at ease
April 29   Ten most valuable cultural relics displayed at Xi'an exposition park
May 03   US kills Bin Laden, ending 10-year manhunt
 
     
 
 

(Editor:张茜)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Al-Qaeda Chief Osama bin Laden dead
  • BRICS Leaders' Meeting 2011
Major headlines
Editor's Pick
  • Some of the ashes of Glen Beneda (1924–2010), an American Flying Tigers pilot, were laid to rest Wednesday in Central China, where he was saved during World War II.
  • Chicago Bulls reach first Eastern Conference final since 1998
  • Five years' sound operation of Qinghai-Tibet railway
  • Good buddy!
  • Lady Gaga performs on 'Le Grand Journal' in Cannes
  • Schiavone beats Hantuchova in Rome to enter quarter-finals
Hot Forum Dicussion