Sumitomo Mitsui Banking Corp. announced the opening Aug. 17 of a branch in Chongqing, China.
The subsidiary is called Sumitomo Mitsui Banking Corp. (China) Ltd. It is the first and only Japanese branch in Chongqing.
The decision reflects a commitment by the bank to expand its network across China.
The establishment of Chongqing branch will bring the total of the SMBC and SMBCCN branches to 15 in China.
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