The Bank of China at European Business Summit 2015

Written by He Liqin, General Manager of Bank of China (Luxembourg) S.A. Brussels Branch

Logo Bank of China

At this wonderful season when nature wakes up, I am glad to come together with our Belgian friends coming from the industry as well as from commercial areas, to enhance our mutual understanding through a deeper communication.

As China’s most internationalized commercial bank, Bank of China set up its London branch in 1929, which was the first overseas branch of Bank of China. After that, we have opened branches in financial centers all over the world, such as Tokyo, Singapore, Paris, Frankfurt, etc… Giving full play to the advantages arising from our international operations, we continuously expand the functionality of our global cash management platform in order to provide efficient, convenient and secure global cash management services to our customers. Our financial services have been extended to 41 countries and regions across Asia-Pacific, Europe, Africa and the America.

We committed to promote China-EU economic and trading development and to be the platform for Chinese “going-out” enterprises, to act as a bridge between Chinese and European corporate. Meanwhile, as China has become one of the biggest blooming markets, we are willing to support the  European and Belgium corporates to develop themselves in China. Bank of China (Luxembourg) S.A Brussels Branch was founded in 2010. In the past five years, our target was to become a local bank through an in-depth integration into the local market, our asset size and the number of our clients has grown rapidly.

Looking ahead, we are confident of the development of China-EU economic and trade relations and our Branch’s progress in the Belgian market.

Firstly, China and EU are viewing each other as international strategic partners. Being the two major markets, the two fabulous civilizations, China and EU are the important forces to promote a worldwide common development.

Secondly, as we all know, China and EU are both at a critical stage of their development and reform, we are committed to share opportunities and seek for a common development.

In Europe, Mr. Junker’s giant investment plan, which is regarded as the EU’s new deal, will come up with a list of projects that would start between 2015 and 2017. Meanwhile, the Chinese government put forward ideas and initiatives with development of the “Silk Road Economic Belt”, referred to as “One Belt One Road”. We will actively serve the pragmatic cooperation in economic and financial fields. The budget of the Bank of China Group to support the “One belt one road” related projects is 20 billion USD for this year and will reach to 100 billion USD in the future three years.

With the support of both, Chinese and Belgian macroeconomic policy, we hope that we can work with local enterprises as well as with local financial institutions more deeply, to develop projects financing and to support commercial exchanges via the trade financing, etc…

Thirdly, we are fully focused on the RMB internationalization and are continuously consolidating our market position on the main business channels.

In 2014, the Bank of China Group fulfilled a volume of USD 3.92 trillion on the international settlement market, maintaining its global leading position. Cross-border RMB clearing business amounted to RMB 240.8 trillion, a year-to-year increase of 86.6%, continuing to lead our global peers. Having set up RMB clearing services in Hong Kong, Macau and Taiwan, the Bank now also serves as the RMB clearing bank in Frankfurt, Paris, Sydney and Kuala Lumpur, with a view to further enhance our global RMB clearing network. Recently the Bank successfully issued the “Oceania Bond” in Sydney, the “Schengen Bond” in Luxembourg and the “Arc de Triomphe Bond” in Paris, and assisted the United Kingdom, Australia and Canada in issuing the RMB-denominated sovereign bonds, receiving a positive response from the markets.

As the RMB became the world’s second-largest trade and financial currency, the seventh-largest payment currency and the ninth-largest trading currency, there has been RMB cross-border payment in 222 countries and regions across the world. With the support of our global RMB financing network, we are sure that we can provide convenient RMB financing and clearing services for Belgian corporates to avoid risks of exchange rate, to improve capital efficiency, to save transactions’ costs, and to gain on the internationalization of the RMB.

Now, as we meet in the beginning of the year in China, there’s an old saying that “A year’s plan starts with spring and a day’s plan starts with the morning”. Chinese take spring as the most important season to work on the whole year’s plan, and the most important part of our plan is you, our clients.

Based on our international operations’ network and our professional business supporting teams in China, we believe we will do our best to satisfy our clients’ need, and we are looking forward to cooperate with you on your needs of financing and cash management services.

Wish you have a nice day and a wonderful year ahead!

About the author

Madame He Liqin is the General Manager of Bank of China (Luxembourg) S.A. Brussels Branch

Madame He Liqin is the General Manager of Bank of China (Luxembourg) S.A. Brussels Branch

Madame He Liqin is the General Manager of Bank of China (Luxembourg) S.A. Brussels Branch. She has 19 years’ experience in Bank of China corporate banking business sector. Her education background, Master of Economics, gave her a critical thinking, keen insight and good judgment of the Macroeconomic and Business environment. She succeeded in financing many international enterprises and well-known projects in China and overseas market, such as CNOOCSHELL, SOUTHERNPEC, VEOLIA(CNH financing). After 3 years European working experience as the Assistant General Manager of Bank of China Paris Branch, Madame He Liqin becomes an expert of European and Chinese banking business, as well as specialist of Sino-European economy and business development. Since she arrived in Belgium, she has been focused on promoting Sino-Belgian economy and business development, providing financing services to Belgian and Chinese companies and helping them to expand their market in other country. 

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

M360 Security for 5G: Security for 5G Predictions 2020, in association with The European Sting

United States: UN chief ‘deeply saddened’ by deadly California wildfires

Khashoggi case highlights ‘very worrying practice’ of overseas abductions, says UN expert

COP21 Breaking News: “There is an ecological debt that the world needs to pay back to Africa”, French President Francois Hollande promises 2 Billion euros by 2020 from Paris

Who is to lose from the 6-month extension of the EU economic sanctions against Russia?

Innovation for a smarter world: ITU Telecom World 2018

UN commission agrees roadmap on ensuring women’s social protection, mobility, safety, and access to economic opportunities

China is sending science students to live with rural farmers – and crop yields are skyrocketing

The von der Leyen Commission: for a Union that strives for more

Sudan military committed to ‘ensuring stability’ and ‘peaceful transition’ says senior diplomat, as UN rights chief appeals for protesters’ rights to be upheld

3 ways blockchain can revolutionize global supply chains

Eliminating hepatitis calls for ‘bold political leadership, with investments to match,’ UN health chief says

10 start-ups that are helping to change the Arab world

Time to say goodbye to the plastic straw. But what’s the best alternative?

Sustainable development demands a broader vision, says new OECD Development Centre report

Service and Sacrifice: Malaysian peacekeepers in Lebanon proud to serve their homeland and the United Nations

The Stray

JADE Romania Celebrates the 4th Anniversary

These are the world’s most tree-covered countries

The EU Commission fails to draw the right conclusions about corruption

‘Passport to dignity’ that schools represent may expire fast, without emergency funding warns UN Palestine refugee agency

EU Leaders’ meeting in Sofia: Completing a trusted Digital Single Market for the benefit of all

This is how trees could help solve the climate crisis

Our poisonous air is harming our children’s brains

EU: Tax evasion and fraud flourish under political protection

EU free-trade agreements with Canada and US: imagine the fallout if put to national referendums

Globalization 4.0 must build a better world for working people

Charlotte in Ghana

Dozens of children at risk as clashes in Hudaydah near hospital – UNICEF

Visa-free access to the EU for UK nationals and to the UK for EU nationals

Why your next work meeting should be a ‘walk-and-talk’

EU elections 2019: Trump’s share in the support of populism

European Agenda on Migration: Still fragile situation gives no cause for complacency

We must stop turning a blind eye to the world’s health crises

UN human rights chief denounces grave ‘assaults’ on fundamental rights of Palestinian people

250 days until the European Parliament elections

Want a more inclusive society? Start with mobility

How Africa’s entrepreneurs are changing the direction of globalization

European Banking Union: Like the issue of a Eurobond?

These are the world’s best universities by subject

Trump and Brexit: After the social whys the political whereto

UN chief condemns attack in south-west Iran which killed dozens

How will the EU face the migration crisis when the Turkish threats come true?

The key takeaways of G7 Summit in Canada

Draghi sees inflationary bubbles

As rural communities age, their public transport is shrinking. It’s time to fix this

Some progress made towards security in Mali, but still a long way to go, Security Council hears

‘Global sisterhood’ tells perpetrators ‘time is up’ for pandemic of violence

A revolution, an ecosystem, an ocean: 5G is just the beginning

MEPs back EU partnership agreement with Armenia

Pesticides: MEPs propose blueprint to improve EU approval procedure

EU to manage external borders against the will of member states; Greece to be the first target

New UN-supported farming app is cream of crop in tackling Sahel pest

EU Parliament: No EU-US trade agreement without safe data

Lessons from the Global Entrepreneurship Index

FROM THE FIELD: Rohingya babies conceived out of ‘incomprehensible brutality’

Germany takes cover from Trump in Eurozone and decides to pay for it

GSMA Mobile 360 Series – Europe – 14 June 2016

‘Path to peace’ on Korean Peninsula only possible through diplomacy and full denuclearization: US tells Security Council

Service and Sacrifice: For Ghana, UN peacekeeping is a ‘noble opportunity to serve humanity’

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s