Tuesday, September 28, 2010

ANZ Banking Group Ltd's expansion into China

Australia and New Zealand Banking Group Limited's ( ANZ) expansion into China continues with plans to set up a Chinese language centre and back office activities in support of the bank's operations in China.The operations hub should open in Chengdu in March next year.

The centre is expected to employ 300 people by the end of 2013.

ANZ's locally incorporated entity in China, ANZ Bank China Company Ltd, will be established on October 1.

With three foreign bank branches and two sub-branches currently in China, ANZ plans to establish up to 20 outlets in the country over the next three years.