ANZ, an Australasian-based bank, will commence preparation work to establish a branch in the southern Chinese city of Guangzhou after receiving approval from the China Banking Regulatory Commission (CBRC). The new Guangzhou branch will become ANZ’s third branch in China.
The bank has added that ANZ Shanghai and Beijing provide a full range of RMB and foreign currency services to corporate customers and also assist local residents in their foreign currency personal banking needs.
Alistair Bulloch, CEO of North East Asia of ANZ, said: “We have an aspiration to be a leading foreign bank in China and the establishment of the Guangzhou branch strengthens ANZ’s network in the mainland, and in particular, advances our ability to meet the needs of customers in the Pearl River Delta”
“ANZ has had a representative office in Guangzhou since 2006. The opening of our first branch in the Pearl River Delta will enable us to provide additional convenience to our institutional clients operating in the region and to our retail and high net worth customers, he added.
