China Merchants Bank London Branch Opened for Business

2016-01-13 01:52:00

Approved by the China Banking Regulatory Commission (CBRC) and authorised by UK financial regulators (Prudential Regulation Authority & Financial Conduct Authority), China Merchants Bank London Branch was officially established in January 2016. China Merchants Bank is the first among all the Chinese joint-stock banks to open a branch in the UK. This is the first branch directly established by a bank from mainland China since the founding of the People's Republic of China. The establishment of the London Branch further strengthens the global presence of China Merchants Bank, enabling it to provide a wide range of quality financial services to customers.

Taking the establishment of the London Branch as an opportunity and benefitting from the unique position of London as an international financial hub, China Merchants Bank will reinforce its efforts to support Chinese enterprises to go global. With wholesale corporate banking as its focus, China Merchants Bank provides a range of diversified financial products and services, including but not limited to syndicated loans, trade finance, clearing and settlement, structured financing and cash management, allowing it to play a more important role in promoting bilateral trade, services and investment.

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