Chinese banks making solid inroads into NZ market

Mon, 03 Apr 2017

By Rebecca Howard April 3 (BusinessDesk) - Major Chinese banks operating in New Zealand continued to make significant inroads last year, with a strong rise in overall assets across all three look to cash in on the growing trade ties between the two nations. Trade between China and New Zealand has tripled to $23 billion since the free trade agreement between the two nations came into force in 2008. The money flow looks set to continue after New Zealand Prime Minister Bill English and China Premier Li Keqiang last week signed off a series...

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