22 Jul 2014

Bank of China (Hong Kong) Limited ("BOCHK") is named the Hong Kong Domestic Cash Management Bank of the Year and granted the Online Securities Platform of the Year - Hong Kong by Asian Banking & Finance. These awards demonstrate the outstanding performance of BOCHK in cash management and online trading services. BOCHK's total cash management solutions are also well recognised by the Achievement Award for Best Cash Management Bank in Hong Kong presented by Asian Banker in its Transaction Banking Awards for the second consecutive year.

"To support customers' global expansion plans, BOCHK endeavours to strengthen its global service capabilities and expand its presence beyond Hong Kong through collaboration with Bank of China ("BOC"). The Bank's full-fledged online securities services have also given and will continue to give maximum convenience in investment across a diverse clientele and a rapidly changing market," as commended by the judging panel of Asian Banking & Finance on the sophisticated cash management and online investment platforms of BOCHK.

Mr Samuel So, Deputy General Manager of Cash Management, BOCHK, said, "We are very pleased to receive the two prestigious awards in cash management in recognition of our strengths and product innovation. By capitalising on our unique edges in RMB and cross-border businesses, we have successfully expanded our product suite for corporate customers in Hong Kong and the Mainland of China. We have also stepped up collaboration with our parent bank, BOC, to enhance the BOC Group's total solution capabilities to cater for the global needs of customers."

With regard to the Online Securities Platform of the Year - Hong Kong, Ms Kamill Fung,  Deputy General Manager of Channel Management, BOCHK, said, "It is our honour to receive this award from Asian Banking & Finance. In a highly competitive environment for electronic banking, BOCHK is committed to offering secure yet innovative online trading services in meeting the ever-changing customers' needs. Going forward, we will continue to provide customers with high-quality internet and mobile investment services, leveraging the expertise of our professional team and ability to innovate."

Unique Strengths of BOCHK's Cash Management Services
In addition to structuring total cross-border solutions in payments, collections, liquidity and financial information management, BOCHK has linked BOCNET HK, its corporate internet banking, to the online banking platforms of BOC and its overseas branches in 17 countries around the world. This cross-regional service helps multi-national corporations to manage cash and liquidity in different countries on a single platform.

BOCHK's Innovative Online Securities Services
To better cater for the family financial needs of customers, BOCHK pioneered the Family Securities Account Service, which enables customers to manage their various securities portfolios through online and mobile banking for greater convenience. Underpinned by the "learning before investing" concept, BOCHK's educational Virtual Securities Investment Platform allows customers to conduct virtual securities trading with virtual funds and real-time stock prices via an interactive online platform free of charge. Overwhelming responses were received from customers.

Asian Banking & Finance honours the innovation capability and the best practices of banks in Asia based on the uniqueness, effectiveness and dynamism of their business projects. The Transaction Banking Awards, organised by Asian Banker since 2001, aim to acknowledge the significant contributions of institutions to the development of the financial markets in the Asia Pacific region and the Middle East. The assessment criteria of the Transaction Banking Awards include the positioning, infrastructure, market share, growth, product innovation, customer satisfaction and operational excellence of the participating institutions.

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About Bank of China (Hong Kong) Limited

Bank of China (Hong Kong) Limited ("BOCHK"), established on 1 October 2001, is a leading listed commercial banking group in Hong Kong. With over 260 branches, more than 600 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. In addition, the BOCHK Group (comprising BOCHK, Nanyang Commercial Bank and Chiyu Banking Corporation) and its subsidiaries have 43 branches and sub-branches in the Mainland of China to provide cross-border banking services to customers in Hong Kong and the Mainland. BOCHK is appointed by the People's Bank of China as the Clearing Bank for Renminbi business in Hong Kong. On 13 July 2010, BOCHK was authorised as the Clearing Bank of RMB banknotes business for the Taiwan region.

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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