About Swedbank Shanghai
Being the world's fastest growing economy, China has become the second largest economy in the world. During the last few years, a growing number of Swedish customers of Swedbank have strengthened their business relations with counterparts in China.
Many of them have established joint venture companies or subsidiaries in China and more are on the way to establish themselves in China.
As a customer-oriented bank, Swedbank followed our customers and established a representative office in Shanghai in 2001. The office is the first Swedish and Nordic bank office in Shanghai. In April 2007, Swedbank obtained a financial license from China Banking Regulatory Commission and a business license from the State Administration of Industry and Commerce, to open a bank branch in Shanghai.
The Shanghai branch provides Nordic, Baltic and Chinese corporate clients with full lending and deposit-taking services as well as trade finance, treasury, and payment services. The branch also offers local currency business for corporate clients operating in China.