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.