Commerzbank, the international financial services firm, is poised to expand its range of services for small and medium enterprises through its new Beijing office.

"With the expansion of the range of services and products offered in Beijing, Commerzbank emphasizes its claim that it is the leading bank for internationally active SMEs," said Bernd Laber, the bank's international segment head for SMEs, in a statement.

"For a successful environment in Asia, it is vital for SMEs to prudently balance opportunities and risks. Similarly, we want to be a partner of local Chinese companies in this region who conduct business in Germany. In addition, we offer these companies the biggest network of branches in Germany," Mr Laber added.

The bank endeavors to offer its whole range of services and products to both German and Chinese clients in Beijing, as well investment banking and transactional services for financial institutions.

Commerzbank has four branches in China, the most recent among which is the Tianjin office, which was opened in September 2009. Each of its offices offers a German desk which supports German SMEs abroad and local support teams for foreign clients on their way to Germany.

The bank said that it is interested in both subsidiaries of German firms and Chinese companies represented by subsidiaries.

The Beijing branch is headed by Jan-Willem Sudmann.