Laos-China Bank Boten branch opens

Laos sees increasing demand for cross-border finance services

The Boten Branch of the Laos-China Bank officially opened recently in Boten Economic Zone of Laos, marking a new step of Yunnan’s financial opening up under the Belt and Road Initiative, and ushering a new chapter in the financial settlement in northern Laos.

Yunnan is the only Chinese province that borders Laos. The Laos-China Bank was jointly proposed and invested by Fudian Bank of Yunnan and Lao People’s Foreign Trade Bank.  It has been providing differentiated products with local characteristics and safe, efficient and convenient services to the local market since its inception three years ago.

By virtue of the policy advantages of the economic zone, the Boten branch aims at exploring and serving cross-border cooperation based on the demands of the regional customers and cross-border markets.

Yang Shuyan