22 September 2015

BOCHK received approval to issue 10 billion RMB financial bonds in the Mainland

Bank of China (Hong Kong) ("BOCHK") today announces its receipt of approval from the People's Bank of China ("PBoC") to issue the inaugural RMB financial bonds ("RMB bonds") worth not more than RMB10 billion in the domestic interbank bond market of the Mainland. BOCHK is among the first batch of foreign commercial banks to issue RMB bonds in the domestic interbank bond market, with the largest issuance limit of RMB bonds granted to international commercial banks in the domestic market so far. Preparation work for the Phase 1 issue is under way.
Mr Yue Yi, Vice Chairman and Chief Executive of BOCHK, said, "We are very pleased to be among the first batch of foreign commercial banks that have been granted approval for issuing RMB bonds in the domestic market. Marking a historical milestone, this approval for international commercial banks to issue RMB bonds in the domestic interbank bond market further broadens the types of issuers for domestic interbank bond market, facilitates the opening-up of domestic bond market and promotes the cross-border use of RMB. At the same time, it will help diversify our funding sources and enhance our liquidity management, thus providing a long-term and stable funding support for our sustainable development."
The proceeds raised from the bonds will be used for offshore general working capital purpose, such as supporting those Mainland enterprises going global and projects related to One Belt, One Road initiative.
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About Bank of China (Hong Kong) Limited

Bank of China (Hong Kong) Limited ("BOCHK") is a leading listed commercial banking group in

Hong Kong. With 260 local branches and efficient e-channels including over 1,000 self-service machines, internet and mobile banking services, BOCHK and its subsidiaries offer a comprehensive

range of financial products and services to personal and corporate customers. BOCHK is one of the three

note issuing banks and the Clearing Bank for Renminbi business in Hong Kong. In addition, the BOCHK Group (comprising BOCHK, Nanyang Commercial Bank and Chiyu Banking Corporation) and its subsidiaries have 42 branches and sub-branches in the Mainland of China to provide cross-border banking services to customers in both places.

BOC Hong Kong (Holdings) Limited, BOCHK's holding company, is listed on the main board of the

Stock Exchange of Hong Kong, with stock code "2388", ADR OTC Symbol "BHKLY".

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