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Bank of China plans to enter Mexico to serve China's firms

CKN
minutes 2018/05/17 23:34:40
3,616
Bank of China,China National Offshore Oil Corporation

May 31, 2018 (China Knowledge) - Bank of China plans to provide several loan products, wire transfers and basic treasury services in Mexico market.

The bank recently received approval to offer its services and would expand their global presence. The move aims to support the rising number of Chinese companies expanding into Mexico. China National Offshore Oil Corporation won two blocks to exploit lucrative deep-water oil blocks in a 2016 Mexican auction. China ride hailing app Didi Chuxing Technology Co. introduced its ride-hailing service in Mexico in late Apr.

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