WING LUNG BANK SHANGHAI BRANCH STARTS SERVICE
AsiaInfo Services, February, 2008
AsiaInfo Services 02-20-2008 Wing Lung Bank Shanghai Branch Starts Service SHANGHAI, Feb 20, 2008 (SinoCast via COMTEX) -- The Shanghai branch of Hong Kong-based Wing Lung Bank Ltd. (SEHK: 0096) started operation on February 18, 2008, becoming the lender's second branch and fourth outlet in Mainland China. Michael Wu, chairman and executive director of Wing Lung Bank, said that the newly founded branch would provide the complete financial products and foreign exchange businesses for local private and foreign companies in the not-too-distant future. Meanwhile, the Hong Kong-headquartered bank has recently decided to apply to the China Banking Regulatory Commission (CBRC) for creating a subsidiary bank within this year, so as to operate the renminbi retail banking business,...
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