Singapore’s DBS Bank to start operating in Shanghai FTZ

Singapore’s DBS Bank to start operating in Shanghai FTZ

Singapore’s DBS Bank (China), has said that it has been granted approval for a sub-branch in the Shanghai Free Trade Zone and it will begin operations in the very near future.

David Nealis President of Ceres Ltd

 The China Banking Regulatory Commission granted DBS Bank (China) the license on 31 December 2013. The bank is one of the very first financial groups and so far one of only two foreign banks,  that has been granted approval to set up a sub-branch in the Shanghai FTZ. "The commencement of business by the DBS China FTZ sub-branch will help us seize new opportunities ahead, providing Asian connectivity to clients from the sub-branch," said DBS Bank (China) CEO Neil Ge.

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