Latest News:  
Beijing   Sunny    14 / 2   City Forecast

Home>>China Business

Bank of Communications opens its first subsidiary in London


13:39, November 09, 2011

BEIJING, Nov. 8 (Xinhua) -- Bank of Communications, China's fifth largest lender, announced it opened its first overseas subsidiary in London Tuesday.

It was a significant step for the bank to improve cross-border business and provide global wealth management services and financial services, said the bank's chairman Hu Huaibang.

The London subsidiary will deal with deposits, lending, trade financing and bond investment, the bank said in a statement.

A branch in San Francisco is expected to open thereafter, and a representative office in Sydney will become a branch, according to the statement.

Currently, the bank has 11 overseas institutions in New York, Tokyo, Singapore and Hong Kong.

  We Recommend  


Leave your comment0 comments

  1. Name


Selections for you

  1. President Hu casts ballot to elect new deputies for local people's congress

  2. Chinese Navy "Peace Ark" hospital ship arrives in Trinidad and Tobago

  3. China's gold output may exceed 350 tonnes this year

  4. Dredging eases clogged traffic in China's golden waterway

Most Popular


  1. US must ease restrictions on exports to China
  2. No easy answers in Greek debt crisis
  3. House prices, pain and gain
  4. Why China gains big leap skyward
  5. Comment: Slight tweaks not a reversal
  6. China can learn from US big picture strategy
  7. What does space station mean for China?
  8. High-speed rail challenges China's vision
  9. Rethink China's nuke weapons strategy
  10. Housing policy unwavering

What's happening in China

Sales of pirated Steve Jobs' book soar

  1. Chinese eat Koalas? Nonsense!
  2. Green village to showcase sustainability
  3. Nine convicted for two roast duck scams
  4. 8 jailed for making fake sex pills
  5. 1.8 million jobs open for social workers

PD Online Data

  1. Lunar New Year´s Eve (I)
  2. Lunar New Year´s Eve (II)
  3. Little New Year (I)
  4. Little New Year (II)
  5. House Cleaning