13 July 2015

Bank of China (Hong Kong) joins hands with Bank of China's Guangdong Branch to take the lead in offering the cross-border RMB loan to an enterprise in the Guangdong Free Trade Zone

Bank of China (Hong Kong) ("BOCHK") announced that following the issuance of the Interim Administrative Measures for Pilot Cross-border RMB Loan Business in Guangdong Nansha and Hengqin New Zones ("the Measures") by the People's Bank of China Guangzhou Branch today, BOCHK has successfully collaborated with the Guangdong Branch of Bank of China ("BOC") to take the lead in providing the cross-border RMB loan of 300 million to Guangzhou Port Company Limited in the Guangdong Free Trade Zone ("FTZ").
To implement its strategy as "The Premier Bank of FTZ", the BOC Group has been actively supporting the development of FTZ by providing corporate customers with the best and the most comprehensive cross-border financial services through product and service innovation. BOCHK leverages its collaboration with the BOC's Guangdong Branch to provide the enterprise with the best financing solution as funding support for its development in the district, following the issuance of the Measures for the FTZ. Under the arrangement, the BOC's Guangdong Branch serves as the custodian bank of the loan, while BOCHK capitalises on its competitive edge in offshore RMB business by providing the loan at a comparatively lower financing cost than that in the onshore market. This not only further demonstrates the BOC Group's leading position in the cross-border business, but also facilitates the development of the Guangdong FTZ and the interaction among Guangdong, Macau and Hong Kong.
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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 42 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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