KASIKORNBANK (KBank) has been granted a license as a locally incorporated institution (LII) by China’s regulatory agency. With their headquarters in Shenzhen and a branch in Shanghai, KBank service will be enhanced to support flourishing trade and investment in China, which is expected to become an even greater economic power over the next decade. Focus will be placed on businesses involved in trade and investment with China, Thailand and ASEAN, and on economic connectivity within the AEC+3 region (AEC plus China, Japan and South Korea). As a “Digital Bank of AEC+3”, KBank aims to achieve total loans of THB29 billion and cross-border transactions amounting to THB150 billion in 2018, rising 30 percent YoY and 40 percent YoY, respectively.