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  • Kasikornbank (China) Co., Ltd. Announcement on the Change of Business Scope

    2021-12-29 00:00:00

    Kasikornbank (China) Co., Ltd.

    Announcement on the Change of Business Scope


           In accordance with the provisions and regulatory requirements of Article 29 of the regulations of the people's Republic of China on the Administration of Foreign Banks (revised in 2019), Kasikornbank (China) Co., Ltd. added " acting as an agent for issuance, redemption and underwriting of government bonds;" and " acting as an agent for payments and receipts " to the original approved business scope, and the changed business scope is as below:


           To operate foreign currency business and RMB business for all types of customers within the following scope: accept public deposits; offer short-term, mid-term and long-term loans; accept and discount bills; acting as an agent for issuance, redemption and underwriting of government bonds; buy and sell government bonds, financial bonds and other securities denominated in foreign currencies other than shares; provide letters of credit and guarantees; process domestic and overseas settlement; buy and sell foreign exchange whether on its own or acting as an agent; acting as an agent for payments and receipts and engaging in insurance agency business; engage in interbank borrowing; engage in bank card business; provide safe deposit boxes; provide credit checks and consultancy services; and engage in any other business approved by the banking supervision and regulatory authorities of the State Council.


           The branches of kasikornbank (China) Co., Ltd.will carry out related business under the authorization of the headquarter within the aforementioned business scope.

     

           It is hereby announced.

     

    Kasikornbank (China) Co., Ltd