Bank of Communications Gets Licence to Open Taiwan Branch
Fox Business Wednesday 13th June, 2012
Bank of Communications Co. (3328.HK), China's fifth-largest bank by assets, said Wednesday it has received approval from Taiwan's financial regulator to open a branch in Taipei.Bank of Communications, also known as BoCom and in which HSBC Holdings PLC (HBC) owns a 19% stake, said its Taipei branch has a registered capital of 1.475 billion new Taiwan dollars(US$49 million) and the deal marks the biggest investment by a mainland Chinese company in ...
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