Bank of India Opens First China Office in Shenzhen

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Last updated at: (Beijing Time) Wednesday, January 22, 2003

Bank of India Opens First China Office in Shenzhen

The Bank of India opened its first China office Monday in Shenzhen, an economic boomtown in south China's Guangdong Province.

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The Bank of India opened its first China office Monday in Shenzhen, an economic boomtown in south China's Guangdong Province.

Sources with the bank said Tuesday this is the leading Indian bank's 20th foreign office.

Shenzhen was chosen to host the bank's first China office because of the concentration of Indian firms in the city, which amount to 60 so far.

Another reason is that Shenzhen is considered to be the best gateway to China's hinterland.

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