Development of ANZ Bank in China

The relationship between ANZ and China stems from the establishment of correspondent bank relationship with Bank of China in 1948.

ANZ has full-service banking branches in Shanghai and Beijing, focusing on trade and investment between Australia and New Zealand, regional trade financing and financial services for foreigners.

ANZ plans to establish strategic cooperation with two local commercial banks in China. The cooperation strategy of ANZ Bank is to share its professional knowledge and ability to strengthen the existing customer relationship of local partners and develop domestic retail and small business.

This method can be proved by ANZ's cooperation record. ANZ's partners include Pan India Bank in Indonesia and Capital Bank in the Philippines.

ANZ has branches in China, Beijing and Shanghai, and is one of the first foreign banks to enter the China market. ANZ set up an office in Beijing, tel: 1986. 1993 established Shanghai branch, 1997 upgraded Beijing office to a branch. With the approval of the head office of the People's Bank of China, ANZ Shanghai Branch obtained the newly issued Business License for People's Republic of China (PRC) Financial Institutions (Foreign Capital) in 2002 to provide comprehensive foreign exchange business for China residents and Chinese-funded enterprises. At the same time, thanks to the implementation of WTO terms, ANZ Shanghai Branch will expand its business scope from Shanghai, Jiangsu and Zhejiang to Shanghai, Jiangsu, Zhejiang, Shenzhen, Qingdao, Dalian and Tianjin. So far, ANZ is the only bank in Oceania that can provide commercial banking services in China.

ANZ has been committed to the development in Chinese mainland since 1986 set up an office in Beijing. 1993, ANZ Bank Shanghai Branch was formally established. The Beijing representative office was also upgraded to a branch office on 1997.

At present, ANZ Shanghai Branch and Beijing Branch are both foreign banks with full bank licenses, and they are also one of the most successful foreign banks in China. And attach great importance to the development in Qingdao and get along with local entrepreneurs.

ANZ Bank has set up a representative office in Guangzhou in 2006, and a branch in Guangzhou has enabled ANZ to expand its business in the Pearl River Delta, a manufacturing and export center in southern China.

On June 4th, 2009, China Banking Regulatory Commission (ABN News Agency) opened another door for ANZ Bank of Australia (ASX:ANZ) to expand in Asia, and approved ANZ Bank to open a branch in Guangzhou.

ANZ established China Operation Center in Chengdu on September 20 10. Chengdu Operation Center was put into operation in September, 20 1 1, and complemented ANZ's technical operation centers in Australia, Singapore, India, Philippines and Fiji to support ANZ's global business development.

2011On March 24th, ANZ set up its first branch in western China in Chongqing, dedicated to supporting Chongqing to develop into a financial center in western China.

June 20 12, ANZ Hangzhou branch opened. The business scope of Hangzhou Branch will cover the whole Zhejiang area, providing enterprises and individual customers with all-round banking services including trade supply chain financing, fund management, deposit and loan, wealth management and financial services for overseas students.

20 14 On May 27th, ANZ Bank (China) Co., Ltd. set up a branch in Chengdu, which is the second branch of ANZ Bank in western China after Chongqing Branch, further expanding its investment in western China.