DOHA: Qatar National Bank (QNB) Group has officially started operating its “Qatar National Bank S A Q Shanghai Representative Office” after receiving all the required regulatory approvals.
QNB’s representative office will now take on the role of extending intermediary services in the field of investment and trade with Middle Eastern companies that are looking to establish their business in China or looking to invest money in the country.
The Bank will also act as a liaison with Chinese companies that are looking to expand into the ever-growing Middle Eastern market and facilitate investments.
QNB Group has established its presence in Asia’s largest market as part of its continued international expansion strategy.
As the world’s second largest economy, China has one of the highest growth rates globally. The country has just released its second quarter Gross Domestic Product (GDP) figures which although down from 7.7 percent to 7.5 percent are directly in line with the government’s
growth target.
Having experienced an investment boom in recent years, China is now refocusing from an export-led economy toward a consumer-led economy.
The Peninsula
