By: Ying Chun-chieh and Frances Huang
Shanghai, July 3 (CNA) Bank of Taiwan (台銀), the largest lender in Taiwan, opened a sub-branch of the bank’s Shanghai branch in the city’s Jiading District Friday to extend the reach of its Chinese yuan-denominated services in the Yangtze River Delta.
In the opening ceremony for the new outlet, Bank of Taiwan Chairwoman Lee Jih-chu (李紀珠) said the new outlet would focus on serving the growing cluster of Taiwanese investors operating in the greater Shanghai area as well as local clients.
She said the Jiading sub-branch has obtained the green light from the China Banking Regulatory Commission (CBRC)’s Shanghai bureau to provide the same yuan-denominated services to Chinese and foreign customers as does its Shanghai branch. [FULL STORY]