USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Companies

New bank branch opens in Tibet

Xinhua | Updated: 2017-09-21 08:52

LHASA - China Everbright Bank opened a branch in Tibet autonomous region on Wednesday, which will support the region's economic development with heavy financing over the next five years.

China Everbright Group and the bank's Lhasa branch signed strategic cooperation agreements with the regional and Lhasa municipal governments respectively. It is the 17th financial institution operating in the autonomous region.

In the next five years, China Everbright Bank, a national joint-stock commercial bank, will provide financial support of at least 50 billion yuan ($7.6 billion) for the region's infrastructure, key industries, poverty reduction and social development, said Wu Fulin, deputy general manager of China Everbright Group.

Tibet's financing sector has grown rapidly in recent years. Currently, the region has banks, securities, insurance, trust and small-loan firms.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US