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BRANCH BANKING | Staff Reporter, China

China Exim Bank opens branch in Paris

Branch is first overseas by this state-owned bank. Li Ruogu, president of the Export-Import Bank of China, said the creation of the Paris branch gives the bank a financial services platform closer to its market and clients in Europe. He noted the branch would benefit Sino-French and Sino-European economic and commercial cooperation. Chinese government sources said the establishment of the Paris branch means that Chinese banks think highly of the strategic significance of Paris with its role as an international financial center, and have full confidence in Sino-French cooperation in economic and commercial fields. Founded in 1994, the Export-Import Bank of China facilitates the export and import of Chinese products; assists Chinese companies with comparative advantages and promotes international economic cooperation and trade.

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