Business
17:08, 19-Mar-2018
ABC establishes bank branch in Xiongan New Area
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The Agricultural Bank of China (ABC) on Monday announced the opening of a branch in the Xiongan New Area in the northern province of Hebei.
The lender became the first of the country's "big four" state-owned banks to set up a branch in the third new area of national significance after the Shenzhen Special Economic Zone and the Shanghai Pudong New Area.
Li Jun, head of the Xiongan branch, said the branch has set up sub-branches in the counties of Rongcheng, Anxin and Xiongxian, and it has 270 employees in Xiongan.
China announced plans in April 2017 to establish the Xiongan New Area about 100 kilometers southwest of Beijing. It covers Hebei Province's Xiongxian, Rongcheng and Anxin counties.
Source(s): Xinhua News Agency