Red carpet rolled out for VIPs at China Construction Bank branch opening

Sun, 04 Feb 2018

By Paul McBeth Feb. 5 (BusinessDesk) - New Zealand’s relationship with China was on show at China Construction Bank’s opening of a local branch, the first overseas lender approved under the Reserve Bank’s dual-registration rules. The opening attracted group chair Tian Guoli, an alternate member of the 19th Central Committee of the Communist Party of China, who was appointed to head the country’s second-biggest lender last October. CCB opened a New Zealand subsidiary in 2014, but by also operating a local branch it can access funding from...

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