Bank: Beijing's the place

(Shanghai Daily)
Updated: 2007-03-03 14:18

French bank Societe Generale is set to be the first foreign-funded bank to start its local registration in Beijing, China Securities Journal reported yesterday.
The bank is expected to begin the registration process next week at the earliest and plans to complete it within months, the newspaper quoted industry sources as saying. The newspaper also reported that SG is investigating new acquisition targets after losing its bid for Guangdong Development Bank to a Citibank-led group last December.