Westpac sub-branch opens
Source: Shanghai Daily |
December 8, 2014, Monday
|
Print Edition
Print Edition
SYDNEY-BASED Westpac Banking Corp last week opened its new sub-branch in Shanghai’s free trade zone to support clients.
The branch completed a trade financing deal for a multinational company with a subsidiary in the FTZ, said Raymond Wang, general manager of the new sub-branch.
China and Australia reached a free-trade agreement last month. Under the FTA, Australia will remove tariffs on all goods imported from China, and a vast majority of Australian products will enter China free of tariffs.
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