Barclays opens first Chinese branch
Chinese regulators have granted UK bank Barclays a branch license for its Shanghai office. The license allows Barclays, including its investment banking arm Barclays Capital, to provide money market and foreign exchange services, and advise corporate customers on risk management and debt financing.
Earlier this year, Barclays opened new offices in Jakarta and Taipei. Barclays expects growing demand from Chinese companies for more sophisticated forms of risk management as the companies' need for financing grows.
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