HBL becomes first Pakistani bank to get branch license in Beijing, China

HBL has become the first Pakistani bank to be awarded the much-coveted branch license to offer financial services to clients in Beijing, China. The branch license was awarded by China Banking and Insurance Regulatory Commission (CBIRC) in December 2019. The preparatory work of setting up the HBL Beijing branch is now underway.

With approval from relevant regulators, the Beijing branch is expected to commence offering a full range of products & services for our esteemed clients from the third quarter of 2020. HBL’s presence in China will allow the bank to interact with state-owned enterprises (SOEs) and leading financial institutions involved in CPEC and across Belt and Road Initiative (BRI) corridors.

Source: Pro Pakistani