BOC unit gets approval to operate first Brunei branch

It's part of the bank's aggressive expansion plan along the Belt and Road Initiative routes

Bank of China (Hong Kong) Ltd has received regulatory approval to set up a branch in Brunei, becoming the first Chinese bank allowed to enter the Southeast Asian country.

Its parent company, the Bank of China, has been actively expanding its global network, especially in countries along the routes of the Belt and Road Initiative, which pass through more than 60 countries and regions.