The Bank of China (BOC), one of the country’s biggest state-owned commercial banks, inaugurated its branch in SIP High-end Manufacturing and International Trade Zone on Sept 6, becoming the first bank to establish a presence in the China (Jiangsu) Pilot Free Trade Zone Suzhou Area that came into operation in SIP on Sept 1. 

 

Actually BOC has launched a series of banking services including non-resident account management, loans and international settlements since late August in support of the new free trade zone’s goals for financial service reform and trade facilitation.

BOC said it will enlarge its input in the new branch in the future to better match its financial services with local clients’ needs and give full support to pilot reforms in the area.