China’s Sany allowed to open a commercial bank in partnership with other firms

by | Aug 5, 2016 | Constuction & Business News, Manufacturer News

China’s Sany allowed to open a commercial bank in partnership with other firms

CHANGSHA – China’s leading heavy-machinery manufacturer Sany is to be allowed to opena commercial bank in partnership with other firms, the company announced Tuesday.

The planned Sanxiang Bank, approved by the China Banking Regulatory Commission(CBRC), will be based in Changsha, capital of Central China’s Hunan province. It is the eighthprivate bank approved by the CBRC and Hunan’s first.

The bank’s planned registered capital is 3 billion yuan (about $450 million).


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