 
        
                    
            Westpac Bank gets go signal for Beijing branch launching
Branch would be the lender’s second in China as it expand in its strategically important market for its customers.
Australia's second-largest lender by value Westpac Banking Corp. said Tuesday it received final approval to open a branch in Beijing.
It will be the Australian bank's second branch in China. Westpac already has a branch in Shanghai, which it opened in 2008. The group has plans to open two more branches in China, according to a report in The Wall Street Journal.
"China is a strategically important market for our customers. We are committed to investing in the region and 'growing offshore to grow onshore,'" said Rob Whitfield, group executive of Westpac's institutional bank.
 
  
                     
  
                     
                                       
                                       
                                       
                                       
                                                           
                                                           
                                                           
                                                           
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                             
                     
                             
                     
                             
                             
                     
                             
                 
                 
                 
                 
                 
                 
                