Bank of China Representative office opens in Ulaanbaatar
In the framework of the visit by China delegation to Mongolia led by Chairman of Standing Committee and Party Secretary of the National People`s Congress Wu Bangguo the opening ceremony of Bank of China Representative office in Ulaanbaatar was held yesterday. The bank has submitted their request to the Bank of Mongolia on opening representative office in Mongolia year ago.
Bank of China is one of the four biggest banks in China, established in 1912. Market value of Bank of China is estimated $540 billion.
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