Media: the bank of China big popular in Europe

Le monde article in Germany, the original problem: the bank of China to Europe

More and more Chinese Banks to open branches overseas. Their clients are Chinese companies, the europeans to do business in China.

The city of London raised a red flag with five stars, no one know where it comes from. Industrial and commercial bank of China's biggest bank, this week has just celebrated the 20th anniversary of the abroad to set up the first branch. Another bank of China, the agricultural bank of China is opened in 10 days ago in a few street outside the first branch in Britain.

London is not the only one in Europe by Chinese bank in favor of the city. In the first half of the industrial and commercial bank of China has announced to open a branch in Hamburg. Since 2011, it is now in Paris, Brussels, Amsterdam, milan and Madrid. The bank of China and China development bank is in Frankfurt, etc. Practice shows that Europe could become an important FaZhanDian of bank of China.

Today, China is one of the "two" the giant of the world. China has four Banks top the list of the 10 largest Banks. Professor of finance at the university of Frankfurt mark - the wallenberg said, "the bank of China is now into another world."

In the Chinese economy, the country is an important game participants, controlled most areas in the bank. In Europe, China's Banks benefited from the country's strong support. The fact that China's high savings, also let China's Banks are respected. European companies from China's bank lending. The latest example is a German voith engineering company, it recently from China's bank lending the equivalent of RMB 270 million euros. "European companies should thank the friendly Chinese loan", said the wallenberg.

So far, China's Banks haven't carry out in Europe by individual business, their goal is very clear - big customer. Like a book recently said, "the communist party of China are better capitalists". China attaches great importance to interpersonal relationships. It is also a lack of western Banks. The bank of China also has a better than german-british European Banks such as the cost of the structure, is a powerful competitors.

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