BOC to open 2 subsidiaries in Switzerland
Published: 01 Dec 2008 02:51:06 PSTDec. 1, 2008 (China Knowledge) - Bank of China (BOC)<601988><3988> said that it would open two subsidiaries in Switzerland after it has received the approval from the Swiss Federal Banking Commission. BOC is the first Chinese banking group to expand into the European country. The two subsidiaries, namely the Bank of China (Suisse) SA and BOC (Suisse) Fund Management SA, will be offering private banking and institutional asset management services respectively to both Chinese and international clients, according to the Chinese lender��s press release. The Bank of China (Suisse) SA, which is BOC��s 29th overseas subsidiary, will start operations on Dec. 1. Copyright © 2008 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI | 
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