21 April 2015

BOCHK takes the lead in signing of cooperation and loan agreements with enterprises in new Free Trade Zones

Bank of China (Hong Kong) ("BOCHK") today announced that it has taken the lead in signing the strategic cooperation agreements or loan contracts with 9 enterprises amounting to over RMB 1.8 billion, riding on the establishment of new Free Trade Zones ("FTZs") in Guangdong, Fujian and Tianjin. Through close collaboration with Bank of China ("BOC"), BOCHK has swiftly captured the business opportunities arising from the development of new FTZs.
In view of the FTZ development, BOCHK strengthens its cooperation with key customers and provides comprehensive cross-border services, including loans and financing, settlement services and cash management, to meet their business needs.
Mr Yue Yi, Vice Chairman and Chief Executive of BOCHK, said: "The expansion of FTZs in the Mainland of China will enhance cross-border RMB business and transaction volumes of Hong Kong RMB business. This will not only help facilitate the development of Hong Kong offshore RMB business, but also strengthen Hong Kong's position as the international financial centre. We proactively deployed our business plans to keep pace with the policy development and fully leverage the competitive edge of the BOC Group, making our collaboration in the FTZs another great success. BOCHK will continue to participate in the development of new FTZs, deepen its collaboration with its parent bank BOC and drive financial products and services innovation. We will endeavour to implement BOC Group's strategy as "The Premier Bank of Free Trade Zones", providing the best and most comprehensive cross-border financial services for our corporate customers."
On 20 April, the State Council formally announced master plans for pilot FTZs in Guangdong, Fujian and Tianjin, and issued a plan for deepening reform and opening up in the Shanghai FTZ. Three new FTZs in Guangdong, Fujian and Tianjin were open today with the official launch of FTZ business.
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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 over 260 branches, more than 610 ATMs and other distribution channels in Hong Kong, 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 in Hong Kong and also 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 4 2 branches and sub-branches in the Mainland of China to provide cross-border banking services to customers in Hong Kong and the Mainland.

BOC Hong Kong (Holdings) Limited, BOCHK's holding company, began trading on the main board of the Stock

Exchange of Hong Kong on 25 July 2002, with stock code "2388", ADR OTC Symbol "BHKLY".

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