ABN AMRO Bank Establishes Locally Incorporated Entity In China

SHANGHAI, CHINA - JULY 3: (CHINA OUT) Jeroen Drost, chief executive officer of ABN Amro in Asia, delivers a speech during an inauguration ceremony to establish the locally incorporated entity of the bank July 3, 2007 in Shanghai, China. The Dutch-controlled bank has been recently approved by the China Banking Regulatory Commission for local incorporation in China. Headquartered in Shanghai, ABN AMRO (China) Co., Ltd. will facilitate the bank's growth and expansion plans into RMB-denominated banking services in the country. (Photo by China Photos/Getty Images)