Date
18 October 2017

China Merchants Bank FTZ unit gets branch status, filing says

China Merchants Bank’s (CMB, 600036.CN) newly established operation in the Shanghai free trade zone (FTZ) has been formally recognized as a branch, according to a regulatory filing late Thursday. The unit, launched on Sept. 29, is among the first five commercial banks authorized by the central bank to conduct businesses in the FTZ.

– Contact HKEJ at digest@ejinsight.com

MY/AC/RC

 

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