Bank of East Asia (China) Ltd has opened a sub-branch in Zhanjiang, Guangdong province to provide comprehensive renminbi and foreign currency banking services.
The bank's Zhanjiang sub-branch is also the eighth "cross-location" sub-branch established by BEA China in Guangdong under the liberalization measures of the Supplement VI to the Mainland and Hong Kong Closer Economic Partnership Arrangement.
Zhanjiang, a major port and trade center in southern China, is an important addition to the bank's branch network in southern China.
The city has a diversified industrial base, with the local government planning to accelerate the upgrade of the city's industrial structure and its development into a modern port city, the bank said in a statement.
BEA China operates 31 outlets in Guangdong.
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