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Bank of China set to open first branch in PNG, gaining Pacific foothold

By ABC NEWS (Australia)

Published : Nov. 1, 2024 - 13:43

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The Bank of China is on the brink of opening its first branch in the Pacific, with Papua New Guinea close to giving it the green light. PNG's Foreign Minister says he expects final approval to be granted late this year or early next year. Australia is watching the development closely with some analysts raising concerns about the strategic implications.

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