Bank of China (BOC) Macau Branch has won the accolades of Best Commercial Bank and Best Retail Bank in Macau at the World Finance magazine’s Banking Awards 2020. The titles recognize the bank’s commitment to the region’s economic development.
“Macau is uniquely positioned as a core city for the Greater Bay Area and the Belt and Road Initiative, presenting BOC with many opportunities but also a great deal of responsibility,” Li Guang, General Manager of Bank of China Macau Branch said in an World Finance magazine article.
“We are keen to ensure that businesses, both domestic and international, have access to the capital they require to participate in these ambitious development programs,” he added.
Besides issuing government bonds, offshore renminbi bonds and pataca bonds for this purpose, BOC has also launched the country’s first green bond, a move that is said to have significantly raised the profile of Macau’s financial institutions in the international bond market.
With a market share of nearly half of all banking businesses in the region, the Bank of China Group is also the most profitable overseas branch.
The BOC is also breaking new ground in digital banking solutions in Macau, announcing recently the creation of BOC Pay, an online payment channel that supports Alipay, WeChat, and UnionPay systems. Besides, BOC is currently developing a Sino-Lusophone investment and financing service platform, which aims to provide critical information on investment projects in Portuguese-
speaking countries.
No Comments