CHONGQING (CQNEWS) -- Opening ceremony of Chongqing Branch of Australia and New Zealand Banking Group Ltd. (ANZ for short) was held on March 25, 2011, indicating the establishment of the first ANZ branch in western China.
It is reported that ANZ entered China in 1986. With registered capital of 200 million yuan, ANZ Chongqing Branch is to provide all-round RMB and foreign-currency services for business enterprises and institutional clients in terms of trading, supply chain, capital management, etc.
Michael Smith CEO of ANZ, said that Chongqing was an important strategic market for ANZ's development in China and they would exert to help Chongqing build itself into the financial center of west China. (Translated by Jiang Li, Fathom Language Limited)
