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	<title>ChinaRetailNews.com &#187; COSCO</title>
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		<title>Chinese Bank Opens In New York: First Since 1991</title>
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		<pubDate>Mon, 13 Oct 2008 19:30:52 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Banking & Payment]]></category>
		<category><![CDATA[American economy]]></category>
		<category><![CDATA[China Merchants Bank]]></category>
		<category><![CDATA[CIMC]]></category>
		<category><![CDATA[CMB]]></category>
		<category><![CDATA[commercial credit]]></category>
		<category><![CDATA[COSCO]]></category>
		<category><![CDATA[dollar clearing]]></category>
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		<category><![CDATA[Foreign Bank Supervision Enhancement Act]]></category>
		<category><![CDATA[Madison Avenue]]></category>
		<category><![CDATA[N.Y.]]></category>
		<category><![CDATA[New York]]></category>
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		<description><![CDATA[China Merchants Bank has opened a branch at 535 Madison Avenue, New York, N.Y. &#8212; the first branch opened by a Chinese banking institution since the adoption of Foreign Bank Supervision Enhancement Act of 1991. CMB New York Branch was opened after less than one year of preparation &#8212; U.S. banking regulators approved CMB's establishment [...]]]></description>
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