Bank of China announced that the People's Bank of China ("PBOC") had selected Bank of China (Hong Kong) Limited ("BOCHK") as the Clearing Bank for personal RMB business in Hong Kong.
After an open, just and comprehensive evaluation and a consultation with the Hong Kong Monetary Authority, the PBOC's selection shows its strong confidence in both Bank of China (Hong Kong) Limited and its parent-Bank of China, said Wang Zhaowen, the spokesman of the Bank of China. Wang said his bank will take fully advantage of its quality services and expertise as well as it extensive network in Hong Kong and the Chinese mainland to help BOCHK provide a quality RMB clearing business for the Hong Kong people. The bank is committed to making contributions towards enhancing Hong Kong's economic and financial stability and prosperity and improving the cooperation in financial fields between Hong Kong and the mainland, added the spokesman.
Building on achievements in reforms and operational efficiency aligned with sound development, the Bank of China has maintained steady growth in its domestic and overseas business since the beginning of this year, which leads to a better-than-expected performance target, said the spokesman. |
