after three years of effort, the east west bank, shenzhen branch was established on november 18th in shenzhen as a wholly-owned subsidiary of east west bancorp. chen yingchun, deputy mayor of shenzhen, and eric garcetti, mayor of los angeles, attended the opening ceremony and addressed the gathering. jia changsheng, deputy director of invest shenzhen also attended the opening ceremony.
east west bank is a listed company in the u.s. with a market capitalization of 28.5 usd dollars, ranking it 25th among american banks. it is the largest commercial bank serving mainly chinese-americans in the u.s. it was ranked as one of the top 10 best by forbes magazine’s, america's best and worst banks for four consecutive years from 2010 to 2014. with more than 130 service outlets in the u.s. and china, the bank has been committed to building a financial bridge between america and china and has focused on expanding businesses in the two countries. currently, it is one the few american banks with licensed wholly-owned subsidiaries providing a full portfolio of financial services in china.
the new branch replaces the previous shenzhen branch office and provides professional cross-border banking services for chinese companies. it serves both individual investors who run businesses, make investments and want to invest in the u.s. and also american companies with investment capital and business plans for china.
