Westpac opens shop in Shanghai Free-Trade Zone
The Australian bank aims to deepen its offering to clients
Westpac Banking Corporation has opened its first branch in the Shanghai Free-Trade Zone (FTZ), China's pilot for a deregulated financial area.
The branch will be an extension of the Australian bank's services in China, aimed at developing its offerings across trade finance, commodity finance, debt capital markets, derivatives and FX, in accordance with the expected further liberalisation of China's capital markets.
Launched in September 2013, the FTZ is a testing ground for various economic
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