RBNZ registers Bank of China to provide banking services in New Zealand as a branch

Thu, 29 Mar 2018

By Rebecca Howard March 29 (BusinessDesk) - The Reserve Bank of New Zealand has registered Bank of China to provide banking services in New Zealand, bringing the total number of registered banks to 26. Bank of China Ltd is incorporated in the People’s Republic of China and will operate in New Zealand as a branch, the central bank said in a statement. A New Zealand subsidiary of the Bank of China, Bank of China New Zealand has been registered to provide banking services in New Zealand since November 2014. Bank of China New Zealand said...

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