China Construction Bank gains NZ banking license


Excerpt: Shipley said China Construction Bank New Zealand had been granted a license by this country’s Reserve Bank to operate a full range of banking services, including retail banking.

However, its current strategy was to work with Kiwi firms doing business in China and Chinese companies coming the opposite direction, as well as “supporting high net worth individuals who are either present or wish to come to New Zealand and do business here”.

Read the article online from NZ Herald here

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