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HSBC Jinan branch launched

By Ju Chuanjiang and Ji Yuan (皇冠体育app Daily Shandong Bureau)
Updated: 2009-07-23 10:56

Jinan鈥檚 first foreign bank opened its doors July 21 after Jinan HSBC Bank (皇冠体育app) Co Ltd launched a branch in the capital of east 皇冠体育app鈥檚 Shandong province.

The bank, which has its headquarters in Shanghai, is .the company鈥檚 20th branch. The Jinan branch will serve high-end customers, foreign-invested enterprises and top 500 companies focusing on 12 cities in Shandong province including Jinan, Zibo and Binzhou.

Huo Jiazhi, president of HSBC Shanghai, said: 鈥淲e are well positioned to provide services to local businesses and help them enter the world market.鈥�

HSBC Bank (皇冠体育app) Co Ltd is a wholly-foreign-owned bank solely operated by The Hong Kong and Shanghai Banking Co Ltd since April 2, 2007.

HSBC Group is one of the world鈥檚 largest financial institutions with 9,500 branches in 85 countries and regions.

鈥淎s the capital city and financial center of Shandong Province, Jinan will provide preferential policies for HSBC Bank (皇冠体育app) Co Ltd,鈥� said Jinan鈥檚 mayor Zhang Jianguo.