The Reserve Bank of New Zealand has announced that ICBC (Industrial and Commercial Bank of China Limited) has been registered to offer banking services in New Zealand.
- ICBC is incorporated in the People’s Republic of China and will operate in New Zealand as a branch;
- A New Zealand subsidiary of ICBC has been registered to offer banking services in New Zealand since November 2013;
- RBNZ expects ICBC to conduct business in New Zealand through both the branch and the subsidiary.
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