HBL is proud to be the first bank from Pakistan to receive a license for setting up a branch in China. It is also the first South Asian bank to get the permission to set up its banking operations in Urumqi, the largest city in the province of Xinjiang, which borders Pakistan along the traditional Silk Route. Urumqi is a growing commercial and trade center and the regional hub for the Belt and Road Initiative in Central Asia.
To mark this occasion a special ceremony was held at the office of CBRC Xinjiang in Urumqi. Speaking on the occasion Chairman HBL, Mr. Sultan Ali Allana said, “We are extremely proud to have been granted a license to establish our branch operations in China. This is a moment of great happiness, and a reflection of the Bank’s regional and global standing. We are grateful to the banking and regulatory authorities of China and Pakistan for reposing their confidence in HBL.”
