Westpac opens sub-branch in FTZ, looks to capitalise on Aussie hub status

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Westpac opens sub-branch in FTZ, looks to capitalise on Aussie hub status

australian flag 230x
The peloton passes an Australian flag Australia's during stage 2 of the Tour Down Under in Stirling, near Adelaide, Wednesday, Jan. 22, 2014. | Sirotti/Sirotti

Westpac Banking Corporation (Westpac) this week opened its first sub-branch in the Shanghai Free Trade Zone (FTZ) in what is the latest attempt by the Australian bank to leverage the opportunities expected to come from China’s economic and financial market liberalisation.

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