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BOCHK to provide personal RMB services next week
(Xinhua)
Updated: 2004-02-20 11:29

The Bank of China (Hong Kong) Limited (BOCHK) announced Thursday that it will launch Renminbi (RMB) deposits, exchange, remittance and card services from Feburary 25 this year.

He Guangbei, chief executive of the BOCHK, said on February 19 at the bank's spring reception that his bank had reached an agreement with China UnionPay on the RMB card clearing serve in Hong Kong.

He said "the personal RMB service to be launched will bring us a new horizon in the development of our business, and mark a new milestone in the economic and financial cooperation between Hong Kong and the Chinese mainland."

He said "following its merger in 2001 and successful listing in 2002, BOCHK has committed to providing more quality services to customers. We also target to increase shareholder value and contribute more to the Hong Kong economy. With ever-closer economic integration between Hong Kong and Chinese mainland, BOCHK is in a unique position to serve customers and benefit from business opportunities in both places."

He Guangbei said "we would continue to join hands with local business and the public at large, to grasp this "golden opportunity." We will use our inherent geographic advantages and increase our cooperation with various parties in a concerted effort to revitalize the economy. This will pave the way for a brighter future for Hong Kong."

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