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CHINA: BIGGEST BANK OF INDIA TO SET UP ITS FIRST CHINESE BRANCH.

IPR Strategic Business Information Database, April, 2007

According to fdi.gov.cn: After setting up a representative office in Shenzhen in 2003, Bank of India, the most powerful bank in India officially set up a branch in Shenzhen carrying out overall bank service of foreign exchange. This is the first branch opened in Chinese mainland. Expert believes that as the economy in Shenzhen grows rapidly, more and more Indian enterprises have invested here and on the contrary quite a few enterprises from Shenzhen have sought development in India.

Therefore, Shenzhen branch of the Bank of India has come to being, and it'll help to form a cooperation platform for enterprises in HK, Shenzhen and India, promote mutual trade and financial cooperation as well as promote the economic development of Shenzhen and India. Bank of India,...

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