There are two Swiss banks in China, one is Beijing Huamao Sub-branch, which was established in August 20 14, and the other is Shanghai Branch, which was established in February 20 16. The main business of Swiss banks in China includes: absorbing public deposits, issuing loans, accepting and discounting bills, buying and selling government bonds and financial bonds, buying and selling foreign currency securities other than stocks, providing letter of credit services and guarantees, handling domestic and overseas settlement, and engaging in bank card business.