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Bank of China gets license to offer services in New Zealand
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Bank of China Ltd. has been registered by the Reserve Bank of New Zealand to provide banking services in the country, and will operate locally as a branch.
The move comes after China Construction Bank Corp. also obtained a license to operate as a branch in December 2017.
Bank of China's local unit Bank of China (New Zealand) Ltd. has been offering banking services in New Zealand since November 2014, according to a March 29 release.