The Bank of China is to open its first branch in the Austrian capital of Vienna in the near future, as its Chairman Tian Guoli is visiting Vienna Tuesday to discuss the opening with Austrian leaders.
Tian was welcomed by Austrian President Heinz Fischer, and the two were joined for discussions in the Hofburg Palace in the national capital by governor of the Austrian central bank (OeNB) Ewald Nowotny, Austria Press Agency reported.
A spokesperson for the president said all necessary paperwork has been submitted and all necessary decisions made, though an exact location for the branch has not yet been determined.
The plans for the branch opening had already been discussed during a visit by Fischer to China in May.
Also discussed were China's economy, and the current situation with the stock exchanges.
