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Article: CHINA MERCHANTS BANK NEW YORK BRANCH OPENS FOR BUSINESS.
- Article from:
- AsiaPulse News
- Article date:
- October 13, 2008
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(BW)(NY-CHINA-MERCHANTS-BANK) China Merchants Bank New York Branch Opens for Business
First Branch of a Chinese Bank to Open in the U.S. in 17 Years
Financial Editors
NEW YORK--(BUSINESS WIRE) - Oct. 10, 2008-- China Merchants Bank ("CMB") New York Branch officially opened for business at 535 Madison Avenue, New York, N.Y. CMB is the first branch opened by a Chinese banking institution since the adoption of Foreign Bank Supervision Enhancement Act of 1991, turning a new chapter of market access of Chinese banks to the United States.
CMB New York Branch was opened after less ...