Bank sees opportunities in global focus

Banks will be crucial intermediaries in boosting the flow of capital and trade between China and countries in the Pacific such as Australia, an industry executive said.

Chinese companies have become more outward-looking after decades of reform and opening-up, with significant attention devoted to countries and regions participating in the Belt and Road Initiative, Huang Xiaoguang, CEO of ANZ China, said at the China International Import Expo on Wednesday.

The banking group, which is headquartered in Melbourne, Australia, focuses on wholesale banking business and has an extensive network in the Asia-Pacific region. Huang said that means it can facilitate cross-border trade for outbound Chinese companies, presenting it with plenty of opportunities.