NEW YORK - Bank of New York Co. said Wednesday that it has opened a branch in Shanghai, joining a growing roster of banking companies with offices in China.Thomas A. Renyi, chairman and chief executive officer, said in a statement that the Shanghai office will offer trade finance, depositary receipts, cash management, foreign exchange, custody, and securities-related services.

Other U.S. companies - including Citigroup Inc., Chase Manhattan Corp., J.P. Morgan & Co., and Bank One Corp. - have been adding to their networks in China since the early 1990s, and further expansion is likely once China completes a trade liberalization pact with the World Trade Organization.

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