Baoshang Bank furthers cooperation with Mongolia

A Baoshang Bank delegation visited Mongolia, in the hope of boosting ties between the bank and financial institutions in Mongolia, according to a Sept 27 report from Baotou Daily.

The delegation attended financial conferences hosted by the People’s Bank of China Hohhot Central Sub-branch during their stay in Mongolia to learn about the economic development and progress of Mongolia.

The delegation also attended meetings and discussions with Mongolian banks and financial institutions to boost cooperation and spur regional economic development.

Baoshang Bank, the earliest joint stock commercial bank in Inner Mongolia autonomous region, is the main initiator of the setting up of the company. The registered capital of the company is 300 million yuan ($43 million). Established in 1998, the bank is becoming one of the most competitive players in the autonomous region and has also received numerous honors. 

Baoshang Bank wins recognition at a bankers’ forum held in Beijing on Sept 21. [Photo/internet]