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Haitong Bank OKed to set up branch in Macao

July 20, 2021


Abstract : Haitong Bank has recently received approval from the Macao government, allowing it to set up a branch in the special administrative region of China, reported by www.cs.com.cn on Tuesday.

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Photo: Logo of Haitong Securities, parent company of Haitong Bank

BEIJING, July 20 (Xinhua) -- Haitong Bank has recently received approval from the Macao government, allowing it to set up a branch in the special administrative region of China, reported by www.cs.com.cn on Tuesday. 

It is reported that the Macao branch can engage in the businesses such as conducting transactions on securities, futures and options in circulation in the monetary and foreign exchange markets for itself or for its clients, and carrying out business activities related to foreign exchange, interest rates and securities. 

Haitong Bank, affiliated with Haitong Securities Co., Ltd, focuses on corporate banking, investment banking and asset management. In 2015, Haitong Securities completed acquisitions of the Banco Espírito Santo de Investimento (BESI) and renamed it Haitong Bank. 

Headquartered in Lisbon, Portugal, Haitong Bank is an important part of Haitong Securities's internationalization strategy and an important platform for Haitong Securities to participate in the Belt and Road construction. (Edited by Hu Pingchao, Wang Siyi, hupingchao@xinhua.org)

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Keyword: Haitong Bank

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