Bank of China intensifies cooperation with Taiwan-based banks

Bank of China and Taiwan-based Hua Nan Bank and Chang Hwa Bank entered into the comprehensive business cooperation agreements.

According to the agreements, Bank of China and the two Taiwan banks will fulfill the communication and cooperation in the aspects of financing, settlement and clearing business, fund business, syndicated loan, risk management and personnel training for the enterprises in both China's mainland and Taiwan.

Chen Siqing, Vice President of Bank of China, says that, as the cross-strait economic and trade cooperation is enhanced, new requirements are raised and new momentum is emerging.

The  Bank of China has already established good partnerships with the two Taiwan-based commercial banks through the previous business interaction; the signing of the above agreements expresses that the involved parties have a vision to deepen the cooperation in various business sectors, and indicates that the cooperation between Bank of China and its peers in Taiwan will reach a higher level.

Up to now, Bank of China has respectively signed the comprehensive business cooperation agreements with seven Taiwan-based commercial banks, including Bank of Taiwan, Taiwan Cooperative Bank, First Bank, Mega International Commercial Bank, E.Sun Bank, Hua Nan Bank and Chang Hwa Bank.