CTBC Hold­ing ex­pands in China

The China Post - - ARTS -

CTBC Hold­ing (中國信託金控) , to­gether with its CTBC Bank (中國信託銀行), passed the pri­vate place­ment of CITIC Group Cor­po­ra­tion (中國中信集團) as a strate­gic in­vestor ear­lier last month on its board, with the agree­ment sign­ing cer­e­mony tak­ing place on June 8.

This agree­ment will tremen­dously im­prove CTBC’s crossstrait mar­ket and pro­vide bet­ter ser­vice to both clients in Tai­wan, main­land China and else­where. The Chi­na­trust Bank un­der the CITIC Group is the ninth big­gest bank and the fourth big­gest share-hold­ing bank in China, with 1,230 ser­vice lo­ca­tions and around 45 mil­lion clients.

Newspapers in English

Newspapers from Taiwan

© PressReader. All rights reserved.