Recently, Santander was officially approved to establish a branch in Shenzhen for the third time. Previously, Spain's largest bank had set up a Shanghai branch and a Beijing branch, but it has not yet been registered as a corporate bank in the mainland, so there are certain restrictions on the exhibition business. In the past, Santander chose to cooperate with commercial banks in cities such as Bank of Shanghai and Bank of Beijing to explore the Chinese market. Santander's Shenzhen branch will continue the localization strategy described above, using the parent bank's global network advantage to serve domestic companies going overseas, and cooperation with the Shenzhen branch of a leading commercial bank will be a key part. “The business areas of the two sides are highly overlapping, but their business priorities are still different, and there is natural complementarity.” Relevant sources told reporters.

Recently, Santander was officially approved to establish a branch in Shenzhen for the third time. Previously, Spain's largest bank had set up a Shanghai branch and a Beijing branch, but it has not yet been registered as a corporate bank in the mainland, so there are certain restrictions on the exhibition business. In the past, Santander chose to cooperate with commercial banks in cities such as Bank of Shanghai and Bank of Beijing to explore the Chinese market. Santander's Shenzhen branch will continue the localization strategy described above, using the parent bank's global network advantage to serve domestic companies going overseas, and cooperation with the Shenzhen branch of a leading commercial bank will be a key part. “The business areas of the two sides are highly overlapping, but their business priorities are still different, and there is natural complementarity.” Relevant sources told reporters.