BOC: Trailblazer and pacesetter of China's financial globalization
China DailyAs a Chinese bank with the longest history and the highest level of globalization, Bank of China, based on its advantages in overseas operational network and leveraging its decades of experience in serving international economic exchanges, has played a crucial role in promoting China's high-level opening-up. Capitalizing on its professional advantages in serving foreign exchanges and trade, BOC has offered comprehensive services to a number of famed international trade shows in China, including the China International Import Expo in Shanghai, the China International Fair for Trade in Services in Beijing, the China Import and Export Fair — or Canton Fair — in Guangzhou, the China International Consumer Products Expo in Hainan, and the China International Fair for Investment and Trade in Xiamen, Fujian province. Promoting RMB globalization As a major provider of renminbi cross-border services, BOC has spared no efforts in assisting the Chinese currency's globalization, promoting the development of overseas RMB markets and improving related infrastructure. BOC is one of the leaders in China's financial industry in offering custody service to qualified foreign institutional investors and in offering agency service to overseas central banks or similar institutions.