Chinese Banks Should Expand in Belt and Road Countries, Central Banker Says

A senior central banker called for Chinese banks to set up branches in the Belt and Road region to provide comprehensive services where Chinese businesses have investments.

Chinese banks tend to focus on global financial centers such as Tokyo, New York and Singapore, but countries participating in the Belt and Road Initiative are where they should offer a full range of services to Chinese enterprises, Zhou Chengjun, director of the finance research institute at the People’s Bank of China (PBOC), said Tuesday at a financial forum in Beijing.