China's Bank of Communications (BOCOM), the fifth largest commercial bank in China by assets, said on April 10 the bank will broaden its wholesale services in the United States to include deposits, lending and trade finance.

Hao Xiaohui, General Manager of the bank's New York branch, said the Federal Reserve Board had approved the bank's application to establish a branch in San Francisco, California—BOCOM's second branch in the United States.

Besides the United States, BOCOM operates overseas branches in Japan, Singapore, South Korea, and Germany and a representative office in Great Britain.