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Five Foreign-funded Banks Open Branch in Changsha

Deputy Mayor of Changsha Zhang Yingchun met with Ding Guoliang, vice president of the Hong Kong and Shanghai Banking Corporation (HSBC) Limited.

Mr. Zhang expressed his hope that the foreign-funded banks in Changsha will actively participate in the construction of making Changsha regional financial center, so as to build the modern finance industry as one of Changsha’s pillar industries.

Foreign-funded banks are developping in Changsha now, with subsidiary banks of the Citi Bank, the Shinhan Bank, the Bank of East Asia and the Standard Chartered Bank successively opened here. The five foreign-funded banks in Changsha will provide forceful financial support for Changsha’s construction of “Two-Oriented” Society and a moderately prosperous society.

Translator: Hao Jingru

Source: Hunan Official Web Portal