Invest in China

Banking Industry

Published:2011-07-04

 

1) Allied Commercial Bank: Originally named Xiamen Commercial Bank, it was established in October 1993 as the first head office of a foreign bank approved by the People's Bank of China in Xiamen, Fujian, which has a registered capital of 300 million yuan with Dr. Lucio C. Tan assuming the presidency. Now its service covers Fujian, Beijing, Shanghai, Henan Luoyang, Henan Xinxiang, Jiangxi Nanchang, Shanxi Taiyuan, Guangxi and Kunming. 

2) Allied Commercial Bank opened a branch in Chongqing in 2002, marking its expansion in the west of China.