BoC cel­e­brates 15th an­niver­sary of re­open­ing in Malaysia

The Pak Banker - - COMPANIES/BOSS -

Bank of China cel­e­brated its 15th an­niver­sary of re­open­ing in Malaysia on Tues­day, aim­ing to fur­ther fa­cil­i­tate trade and in­vest­ment be­tween the two coun­tries.

Bank of China opened in Pe­nang in 1939, be­fore open­ing up more branches in the Malay Penin­sula. The bank was forced to end its op­er­a­tion in 1959 for his­tor­i­cal rea­sons, less than two years af­ter Malaysia gained in­de­pen­dence.

Bank of China re­opened in Kuala Lumpur, Malaysia's cap­i­tal on Feb 23, 2001. In 15 years, it has ex­panded to seven branches and two China Visa Cen­ters across the coun­try with more than 300 staffs.

It was des­ig­nated as ren­minbi clear­ing bank in Malaysia by cen­tral banks of both coun­tries.

Wang Hong­wei, chief ex­ec­u­tive of Bank of China Malaysia, said the bank would con­tinue to fa­cil­i­tate ex­changes and co­op­er­a­tion be­tween China and Malaysia.

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