Analysis 27 Jan 17

China Sees Belgrade Bank as Route into Europe

Beijing sees its new Bank of China branch, just opened in Belgrade, as forming part of a strategy aimed at conquering Balkan and European markets.

Gordana Andric
BIRN
Belgrade
Guoli Tian, chairman of the Bank of China shakes hands with Serbian President Tomislav Nikolic. Photo: Beta

The Bank of China, one of the five largest banks in the world, opened its Serbian branch on January 21.

In addition to serving the needs of Chinese and Serbian companies, it will act as the bank’s main hub for conducting business with other Balkan countries and Greece.

Guoli Tian, chairman of the bank, said at the opening ceremony that opening the branch was one of the steps that the bank was taking to meet the “rising demands” of economic cooperation between Serbia and China.

Tian added that the bank stood ready to give its contribution to China’s “One Belt, One Road” initiative.

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