DBS looks westward for growth

Lender to expand in line with 'One Belt, One Road' initiative

DBS Bank (China) Ltd, a subsidiary of Singapore-based DBS Group Holdings Ltd, will set up more branches in the central and western regions of China to support the nation's plan to build an economic belt along the Yangtze River and the "One Belt, One Road" initiative.

Previously, the bank had only two branches in the central and western regions. Most of its 10 branches in China are in cities near the eastern and southern coasts, such as Shanghai, Tianjin and Guangzhou, capital of Guangdong province.