ANZ establishes new branch in China

Posted by Anton Murray Consulting on 23 Sep, 2015

ANZ has expanded its business network in China, establishing a new branch in the city of Qingdao.

ANZ China has opened a branch in Qingdao within the Shandong Province, offering a full range of products and services including supply chain, cash management, and markets and relationship banking services for corporate customers.

ANZ chief executive Mike Smith said: “Qingdao and Shandong have established long-term relationships with Australia and there is major potential for further growth in bilateral trade and investment.

“This includes opportunities in industries such as natural resources and agriculture, and the opportunities created through the China-Australia Free Trade Agreement.”

Mr Smith said the branch’s establishment reflects the institution’s aim to support its global clients looking to grow in Qingdao and Shandong.

ANZ China chief executive Huang Xiaoguang said: “Opening the new branch in Qingdao is another step in continuing to grow our business in China.

“As the only locally incorporated Australian bank in China, it is a further opportunity to provide financial solutions and services in trade finance, global markets and syndication loans in this important market.”

Investor Daily

Latest market insights

BNP Paribas takes all at Insignia Financial

› Read more

Aware Super goes global with UK office opening

› Read more

What LEGO can teach us about the folly of ESG inclusions

› Read more

Super funds finding it hard to avoid greenwashing

› Read more

Super funds ‘going backwards’ on climate action: Report

› Read more

X feed

Our client is a leading AUS stockbroker that provides a full brokerage service to individual clients investing in both domestic and international equities, & wealth management services incl financial planning, margin lending & managed funds investments:

BNP Paribas takes all at Insignia Financial:

Aware Super goes global with UK office opening:

What LEGO can teach us about the folly of ESG inclusions:

Sign up to our newsletter

Sign up to our newsletter

"*" indicates required fields

By subscribing to our newsletter I agree to the collection, use and disclosure of my personal information in accordance with our Privacy Policy