Chinese bank opens new branch in Saudi city Jeddah

RIYADH, May 16 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC) on Tuesday opened a new branch in the Saudi city of Jeddah.

This was announced at a business meeting held in the Saudi capital of Riyadh on promoting the use of Chinese currency RMB. More than 150 people attended the event, including Chen Siqing, chairman of ICBC, Yin Lijun, charge d'affaires of the Chinese Embassy in Saudi Arabia, and Wang Qimin, consul general of the Chinse Consulate-General in Jeddah.