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People's Daily Online>>China Business

Bank of China opens branch in Kobe, Japan

By Yu Qing (People's Daily)

14:04, November 30, 2011

Edited and translated by People's Daily Online

Bank of China opened a branch in Kobe, Japan on Nov. 25.

Li Lihui, president of the Bank of China, attended the branch's opening ceremony.

The Kobe branch provides a wide range of banking services, including loans, deposits, remittances and foreign exchange. At present, its major business is offering mortgage loans to individuals. In addition, it also provides RMB services, including deposits, exchange, settlement and loans.

Kobe and Tianjin became sister cities in 1973. At present, there are more than 25,000 overseas Chinese living in Hyogo Prefecture, the capital of which is Kobe. Kobe Chinatown is the city’s social center for the Chinese community there.

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