BMO opens branch in Shanghai
"Upgrading from a representative office to full branch status gives BMO broader geographic coverage in China," said Bill Downe, chief executive of BMO Financial Group in Toronto.
The Shanghai branch has already received the CNY FX licence from China's FX regulatory body, the State Administration of Foreign Exchange (Safe).
The branch will provide FX and Treasury products, corporate and trade financing, and FX and US dollar accounts to clients. A platform has also been deployed at the branch to
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