The Indian government had made a commitment to the Chinese government to allow
Bank of China to set up branches in India.
The move comes after Indian PM, Narendra Modi, made a commitment to Chinese president Xi Jinping last month to allow
Bank of China to set up branches in India.
Previously, the SBP had signed an agreement related to currency swap with the People's
Bank of China.
The Chief Minister expressed these views at an' Appreciation Dinner', the
Bank of China hosted for its clients and to celebrate New Year, said a statement issued here Friday.
The Prime Minister stated this while talking to Chen Siqing, Chairman
Bank of China, who called on him at Prime Minister's Office.
The
Bank of China Limited has complied with the important regulatory and operational requirements of SBP necessary to commence banking business in Pakistan.
Barcelon (PCCI) said the group, the Department of Trade and Industry and the International Chamber of Commerce signed last week an agreement with the
Bank of China primarily meant at conducting forums aimed at helping educate MSMEs about financing.
Gaurang Desai, Chief Executive Officer of DGCX said "We look forward to
Bank of China joining our DGCX fraternity and provide our market participants with world class settlement services.
DME and
Bank of China will work together to examine the feasibility of creating new financial products and will explore new financing solutions to support their mutual customers in the Middle East and Asian markets.
Bank of China and DME will work together to examine the feasibility of creating new financial products together and will explore new financing solutions to support their mutual customers in the Middle East and Asian markets.