According to the China Banking and Insurance News, on April 12, the website of the State Financial Supervisory Administration published the “Approval to Close the Hohhot Branch of Standard Chartered Bank (China) Co., Ltd.” According to the announcement, the China Financial Supervisory Authority approved Standard Chartered Bank (China) Limited (“Standard Chartered China”) to close the Hohhot branch. “Like many Chinese and foreign financial institutions, Standard Chartered Bank continues to evaluate resource allocation, continuously optimize business outlets and channels, and continuously improve digital financial service capabilities, with the aim of providing customers with better services. Based on the above considerations, with the approval of the relevant regulatory authorities, we have decided to close the Hohhot branch and will properly complete all related tasks.” In response to this adjustment, the relevant person in charge of Standard Chartered China said in an exclusive interview with reporters.