CMB's London branch seen as UK springboard
By Cecily Liu in London | China Daily | Updated: 2016-06-18 07:43
Bank sees significant market-driven demand to serve Chinese investment internationally
China Merchants Bank Co became the first of the country's joint-stock commercial banks to open a branch in London on Thursday, highlighting significant market-driven demand for financial services providers to expand internationally to serve increasing Chinese investment abroad.
The Shenzhen-based CMB, established in 1987, is China's sixth-biggest, and the world's 16th largest bank.
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