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December 9, 2009

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Deutsche Bank (China) Co Branch opens in Tianjin

DEUTSCHE Bank (China) Co yesterday said it had opened a branch in Tianjin to expand its business in China. The new branch complements the German bank's existing network in Shanghai, Beijing and Guangzhou. The bank gained approval from the China Banking Regulatory Commission for the branch in July.

Largely transaction and corporate banking focused, the new branch will initially offer services including treasury products and services for foreign exchange and interest rate hedging, structured trade and export finance. The branch will also provide onshore sales and customer services support to financial institutions.

Bank of CommunicationsLimited edition Expo debit cards

The Bank of Communications yesterday teamed up with the organizers of the World Expo Shanghai 2010 to issue a limited 500,000 Expo debit cards to ride on rising enthusiasm for the event.

The Shanghai-based bank, which is also the sole commercial bank partner of Expo 2010, has already issued more than 2.3 million Expo credit cards since May.


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