ABN AMRO opened its first banking branch in Shanghai in 1903 allowing us to celebrate our 100 year anniversary in China in 2003. As a leading European bank in the country, we employed around 1,000 people. We maintained four branches branches in; Shanghai, Shenzhen, Beijing and Chengdu and three representative offices in Guangzhou, Tianjin and Wuhan.
The bank has obtained licenses to provide derivatives services and is a Qualified Foreign Institutional Investor (QFII), authorised to invest in the domestic stock markets. ABN AMRO also made a significant break-through in foreign exchange business in China as we became one of the first foreign banks to enter China's inter-bank foreign exchange trading market. This caused us to become a market maker for the China Foreign Exchange Trading System (CFETS).
ABN AMRO has on-the-ground country experts working together with centralised sector specialists and execution resources to build long-term relationships with our clients. We provide integrated corporate and investment banking solutions across a full-spectrum of products.
The diversity of
awards and recognitions ABN AMRO wins reflects our commitment to the Chinese and Hong Kong markets. The bank ranked amongst the top four preferred foreign banks in China in 2004
(Euromoney China CFO Survey).
Our clients can expect the highest level of services and tailored solutions. We maintain a broad
global network for an extensive international presence giving you the combined benefit of local knowledge and world-class skills. For more detailed information, please click on the links below:
Our consumer and commercial banking business has three sub-branches in Shanghai and Shenzhen, Asset Management has a representative office in Shanghai.
"The Guangdong Dapeng (GD) LNG Terminal and Trunkline project is the first LNG venture in mainland China. The financing highlights the potential for exploiting high liquidity in the domestic market. The margins might be thin but the asset looks good and the underpinning contractual structure is secure. In all, the sponsors have obtained remarkable terms."
Project Finance, March 2005