Date
20 September 2017

ABC applies for branch license in Britain, Xinhua says

The Agricultural Bank of China (ABC) is applying for a branch banking license in Britain, Xinhua reported Tuesday, citing a bank official. Guo Youda, the bank’s executive vice president in London, said the bank hopes to be a big part of London’s offshore renminbi market. Chinese banks have subsidiaries in Britain but no full-fledged branches, the report said.

– Contact HKEJ [email protected]

SK

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