The Industrial and Commercial Bank of China (ICBC) has planned to open a subsidiary bank in the United States, as a part of its going-global strategy which also involves Russia, Australia and the Middle East, Board Chairman Jiang Jianqing said in Beijing on Wednesday.
"Preparations have been going on smoothly. We hoped to receive the approval from American authorities as early as possible," said Jiang, a delegate to the 17th National Congress of the Communist Party of China, at a news briefing.
Source:Xinhua
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