12 Nov 2010
Signing of “The Mutual Cooperation Memorandum of SME”
by the SME Bureau of Guangdong Province and Bank of China (Hong Kong)
Bank of China (Hong Kong) Limited (“BOCHK”) recently signed “The Mutual Cooperation
Memorandum of SME” (“Memorandum”) with the SME Bureau of Guangdong Province (“SME
Bureau”) in Hong Kong. The Memorandum aims at deepening mutual understanding and
cooperation through various means like business studies, personnel exchange and seminars. By
leveraging on the edges of both parties, they are committed to promoting the development of
SMEs in both the Mainland and Hong Kong.
Mr Zhang Wen Xian, Director General of the SME Bureau of Guangdong Province, and Mr
Marco Wong, Deputy General Manager of Corporate Banking and Financial Institutions
of BOCHK officiated at the signing ceremony of the Memorandum. Mr Marco Wong said,
“BOCHK is a major listed financial institution in Hong Kong. With its extensive experience
in serving the SMEs in Hong Kong, BOCHK will share with the SME Bureau its valuable
experience and knowledge of the credit environment in relations to Hong Kong’s SME financing,
supportive measures from the government, as well as SMEs’ investment needs in the Mainland
for their reference.” Mr Zhang Wen Xian expected that through mutual cooperation, the SME
Bureau of Guangdong Province is able to accelerate the policy innovation and provide a good
financing environment for SMEs in Guangdong Province. Meanwhile, both parties exchanged
their upcoming plans.
As a major listed banking group in Hong Kong, BOCHK has a strong leading position in local
corporate lending market. With over 200 branches, 73 exclusive “Corporate Privilege” branch
counters, 13 Commercial Centres, 2 Commercial Services Centres and other distribution
channels, BOCHK offers a comprehensive range of professional financial services to its
customers. In addition, the Bank’s professional SME Relationship Managers have good
knowledge about the economic development of both Hong Kong and Mainland markets. With
the extensive network and support from its parent, Bank of China, BOCHK offers its customers
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with privileged cross border financial and RMB services so that they can grasp every business
opportunity arising in the cross border cross strait markets.
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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 nearly 270 branches, 520 ATMs and other distribution
channels in Hong Kong, BOCHK and its subsidiaries offer a comprehensive range of financial products
and services to individual 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 24 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 cashnotes business for Taiwan.
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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