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Publish Date : 29-Nov-2014

Bangkok Bank, backed by the strength of an extensive international network that includes its wholly-owned subsidiary Bangkok Bank (China), is supporting customers and investors interested in doing business in China and benefiting from the opportunities provided by the Chinese government’s establishment of the Shanghai Free Trade Zone. The bank is taking more than 60 customers from ASEAN countries to the "Bangkok Bank Brings ASEAN to Shanghai" event to learn about the Chinese government’s economic measures and to network with local business people. The event will be held from 27-29 November, 2014 in Shanghai, the People’s Republic of China. Bangkok Bank (China) has five branches, and was recently granted a license from the Chinese government to open a 6th branch, in the Shanghai Free Trade Zone, in the first quarter of next year.

Bangkok Bank President Chartsiri Sophonpanich said: "The Chinese government officially announced the establishment of the Shanghai Free Trade Zone (FTZ) on 29 September 2013 as a prototype for future economic reform in terms of transforming government processes and management, encouraging cross-border investment, relaxing foreign exchange controls and enhancing the financial sector. In addition, the China Banking Regulatory Commission (CBRC) on Banking Supervision in China (Shanghai) Pilot Free Trade Zone announced measures that include supporting financial institutions in the Shanghai FTZ."

Bangkok Bank will hold its "Bangkok Bank Brings ASEAN to Shanghai" event on 27-29 November, 2014 in Shanghai, the People’s Republic of China. It will be joined by more than 60 medium to large-sized corporate customers from ASEAN countries such as Laos, Vietnam, Myanmar and Thailand and bring together suppliers of raw materials with large corporates and multinational companies who are manufacturers and exporters in industries such as transportation, auto-parts, electronics, petrochemicals, plastics and agriculture. These customers have the potential to do business in China and are keen to explore the opportunities there. During the trip they will make connections with local business people and visit the Shanghai FTZ as well as hearing speeches and receiving special presentations from local experts, including those with particular knowledge about the Shanghai FTZ. The bank’s customers will learn about the opportunities arising from the Chinese government’s support measures for business plus the benefits of Bangkok Bank’s strong international network of 27 branches and one representative office in 13 major economies around the globe.

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