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Chinese Bank Opens In New York: First Since 1991

Source: http://www.chinaretailnews.com/2008/10/14/1572-chinese-bank-opens-in-new-york-first-since-1991/
Posted on Monday, October 13th, 2008 | In China
Contributed by: China Retail News (http://ChinaRetailNews.com) -

China Merchants Bank has opened a branch at 535 Madison Avenue, New York, N.Y. — the first branch opened by a Chinese banking institution since the adoption of Foreign Bank Supervision Enhancement Act of 1991.
CMB New York Branch was opened after less than one year of preparation — U.S. banking regulators approved CMB’s establishment of [...]

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About China Retail News (http://ChinaRetailNews.com)
China's a big place, and the large amount of information it takes to run a successful retail business in the Middle Kingdom just can't be processed by mortal souls.

With what potential partners should you work? How can you hire staff? What do you do when someone in your business is caught doing something illegal? How can you gain favor by helping to support charities and socially responsible organizations in China? How can you best enable your staff to tackle the global challenges of running a multinational business? What are the latest retail sector laws in China?

ChinaRetailNews.com provides news and information devoted to helping retail professionals in all sectors act on new trends and forge new paths of their own. We troll press releases, commentaries, and indices to bring you the sort of information you need to conduct business in Beijing, Shanghai, Guangzhou or out in China's hinterlands.

In April 2007, ChinaFranchiser.com merged with ChinaRetailNews.com to provide even more targeted daily news covering all of China's different retail and franchise sectors. ChinaRetailNews.com is an online publication of BDL Media Ltd, a company operating in China for nearly a decade.

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