Agricultural Bank of China opens London branch

Agricultural Bank of China opens London branch

David Nealis President of Blue Bridge

The Agricultural Bank of China Ltd, a major Chinese State-owned commercial lender ranked among the largest four banks in China announced it has launched an overseas subsidiary in London. The bank said in a press release that the establishment of the London unit will support their expansion in the European market and efforts to create a 24-hour global capital operation platform, as well as a multi-currency cross-border settlement network; this may also aid London in becoming a major center for the RMB trade.