Pakistani Habib bank establishes new branch in Xinjiang

URUMQI - A branch of Pakistani Habib Bank opened in March in Northwest China's Xinjiang Uygur autonomous region.

It is the bank's first branch in China, mainly providing financial support to China-Pakistan Economic Corridor projects, according to the Xinjiang regional banking regulatory bureau.

Located in the Urumqi High-tech Industrial Development Zone, the bank mainly accepts public deposits, offers loans, deals in government bonds, provides credit guarantees, and handles foreign currency exchange, the bureau said.