The BOCHK Group welcomes the further relaxation of personal RMB business in Hong Kong and launches related services

12 Nov 2014

The BOCHK Group (comprising Bank of China (Hong Kong) ("BOCHK"), Nanyang Commercial Bank and Chiyu Banking Corporation) welcomes the Hong Kong Monetary Authority's announcement today that Hong Kong residents can conduct RMB currency conversions with no limits.

Mr Yang Ruhai, Head of RMB Business of BOCHK, said, "This new arrangement is instrumental to the further growth of the Hong Kong offshore RMB centre. It helps facilitate the development of more diversified RMB products and services to meet the needs of customers. With BOCHK Group's leading position in RMB business, we will continue to drive product and service innovation to be the best choice of customers' RMB needs."

From 17 November 2014 onwards, customers can now conduct conversions using the CNH rate not only between RMB and HKD but also directly between RMB and other foreign currencies Note 1, through the BOCHK Group's multiple service channels, including its extensive branch network, Internet Banking, Mobile Banking and Phone Banking. Moreover, A shares margin trading service Note 2 as well as RMB mortgage and personal loan services will be launched on the same day, helping customers to achieve their financial objectives.

For details, please call the BOCHK Group's Customer Service Hotlines or visit the related websites (BOCHK: (852) 3988 2388 / www.bochk.com, Nanyang Commercial Bank: (852) 2622 2633 / www.ncb.com.hk and Chiyu Banking Corporation: (852) 2232 3625 / www.chiyubank.com).

Notes:
1. Customers can conduct exchanges between RMB and foreign currencies, including USD, GBP, JPY, AUD, NZD, CAD, EUR, SGD and THB, etc through their Multi-Currency Savings Account.
2. Customers can conduct A shares margin trading transactions through BOCHK.

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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, and is 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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