# _____ Bank has been awarded the license to become the first Pakistani bank to offer financial services to clients in Beijing, China? with Answer - General Knowledge MCQs | TestPrep

> Solved MCQ: _____ Bank has been awarded the license to become the first Pakistani bank to offer financial services to clients in Beijing, China? Correct Answer: A. Habib Bank Limited (HBL). Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# _____ Bank has been awarded the license to become the first Pakistani bank to offer financial services to clients in Beijing, China?

Direct Answer & Quick Reference

The correct option is **A. Habib Bank Limited (HBL)**.

HBL has been awarded the license to become the first Pakistani bank to offer financial services to clients in Beijing, China’s capital city. The branch license was awarded by China...

A. Habib Bank Limited (HBL) **(Correct Answer)**

B. Meezan Bank Limited (MBL)

C. Askari Bank Limited (ABL)

D. United Bank Limited (UBL)

✨ Explain with AI

Verified Key: A. Habib Bank Limited (HBL)
Solved by 3,744+ students

**Detailed Explanation & Reference:**

HBL has been awarded the license to become the first Pakistani bank to offer financial services to clients in Beijing, China’s capital city. The branch license was awarded by China Banking and Insurance Regulatory Commission (CBIRC) in December 2019. The preparatory work of setting up the HBL Beijing branch is now underway. With approval from relevant regulators, the Beijing branch is expected commence offering a full range of products & service for our esteemed clients from the third quarter of 2020. Beijing branch will be HBL’s second branch in China after the commencement of business. HBL already has a special branch in the city of Urumqi. HBL is the first and only bank from Pakistan and one of the three banks from the South Asia and MENA region to offer end-to-end RMB intermediation in China. This will add to exisiting CPEC-related operations.

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