Located in the heart of Beijing, the new Royal Bank of Scotland (RBS) branch offers clients access to a wide range of corporate banking services through its global banking and markets division, providing debt coverage, risk management and investment products to domestic Chinese corporate and financial institutions.
Johnny Cameron, chief executive of corporate markets and board director of RBS, said: The establishment of a branch office in Beijing marks a milestone for RBS’s business expansion in China. Beijing is a crucial economic and financial centre and with a branch office in the capital city, we are able to demonstrate RBS’s firm commitment to China, its institutions and corporations.
RBS has been active in China for more than 20 years. The establishment of the Beijing branch follows the opening of the Shanghai branch in 2004.
Mr Cameron added: Our Chinese corporate and institutional clients are increasingly demanding access to a wider range of trade and financial products, similar to those available to our clients in Europe and north America. Gaining branch status allows us to bring our global expertise to Beijing.
In addition, the Beijing branch will facilitate RBS’s overall co-operation with the bank of China and further improve dialogues with related regulatory bodies of the Chinese government.
