SWIFT expanding presence in China

Global financial messaging service platform seeks to localize products with new entity

SWIFT, the global financial messaging service platform, is accelerating its localization in China given the backdrop of increasing Chinese financial market liberalization, its senior executive said.

"We have incorporated a new wholly-owned foreign entity in Beijing, which means we will be able to localize our products and services to the China market soon," Michael Moon, SWIFT's managing director of payments, trade and communications for APAC, told China Daily in an exclusive interview.