Related News
China Construction Bank London subsidiary approved by FSA
Source: Xinhua |
March 22, 2009, Sunday
|
Online Edition
Online Edition
CHINA Construction Bank (CCB), one of China's big-four state-owned commercial banks announced Friday that it had received approval from Britain's Financial Services Authority (FSA) to set up its London subsidiary -- the bank's first branch in Europe.
It would also be CCB's third wholly-owned subsidiary after the CCB Asia and CCB International, both in Hong Kong, according to the statement issued on CCB's Web site.
The London subsidiary would be eligible to run overall banking businesses covering money deposits, credit offers, financing, foreign currency exchanges, and the trading of other financial products.
CCB said the subsidiary would further upgrade the bank's global financial service network and improve its ability to serve financial exchanges and cooperation between China and the UK.
CCB is also running branches in other parts of the world such as New York, Seoul, Tokyo, Frankfurt among others.
It would also be CCB's third wholly-owned subsidiary after the CCB Asia and CCB International, both in Hong Kong, according to the statement issued on CCB's Web site.
The London subsidiary would be eligible to run overall banking businesses covering money deposits, credit offers, financing, foreign currency exchanges, and the trading of other financial products.
CCB said the subsidiary would further upgrade the bank's global financial service network and improve its ability to serve financial exchanges and cooperation between China and the UK.
CCB is also running branches in other parts of the world such as New York, Seoul, Tokyo, Frankfurt among others.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
