1.
PRESS RELEASE
QNB
Group
officially
operates
in
China
Doha,
July
29
2013
–
Qatar
National
Bank
(QNB)
Group,
the
World’s
Strongest
Bank,
has
officially
started
operating
its
“Qatar
National
Bank
S.A.Q.
Shanghai
Representative
Office”
after
receiving
all
of
the
required
regulatory
approvals.
QNB’s
representative
office
will
now
take
on
the
role
of
extending
intermediary
services
in
the
field
of
investment
and
trade
with
Middle
Eastern
Companies
that
are
looking
to
establish
their
business
in
China
or
looking
to
invest
money
in
the
country.
The
Bank
will
also
act
as
a
liaison
with
Chinese
companies
that
are
looking
to
expand
into
the
ever
growing
Middle
Eastern
market
and
facilitate
investments.
QNB
Group
has
established
its
presence
in
Asia’s
largest
market
as
part
of
its
continued
international
expansion
strategy.

2.
As
the
world’s
second
largest
economy,
China
has
one
of
the
highest
growth
rates
globally.
The
country
has
just
released
its
second
quarter
Gross
Domestic
Product
(GDP)
figures
which
although
down
from
7.7%
to
7.5%
are
directly
in
line
with
the
government’s
growth
target.
Having
experienced
an
investment
boom
in
recent
years,
China
is
now
refocusing
from
an
export-­‐led
economy
towards
a
consumer-­‐led
economy.
There
will
still
be
a
strong
focus
on
business
investment
as
well
as
on
the
expansion
of
factories.
China
has
also
accumulated
$3.5
trillion
in
foreign
exchange
reserves
which
represents
the
country’s
global
buying
power.
Following
the
establishment
of
its
office
in
China,
QNB
Group
now
extends
its
presence
into
more
than
26
countries
across
the
globe
after
deciding
in
2005
to
begin
implementing
an
intensive
and
ambitious
expansion
plan.
QNB’s
office
is
located
at
the
Shanghai
World
Financial
Center
which
is
China’s
tallest
skyscraper.