HONG KONG, Aug. 28, 2019 /PRNewswire/ -- Bank of Communications Co., Ltd. Hong Kong Branch ("Bank of Communications Hong Kong Branch") is pleased to announce that the Asia Pacific syndicated loan business promotion and appreciation event was successfully held on July 23 in Hong Kong. Enhancing the global financial services capabilities of Bank of Communications Co., Ltd., Bank of Communications Hong Kong Branch has expanded its integrated syndicated loan platform, bringing together the resources of the Group to leverage Hong Kong's comprehensive financial sector and geographic advantages.
At the event, Mr. Wang Feng, Chief Expert of Bank of Communications Co., Ltd., Chief Executive of Bank of Communications Hong Kong Branch, Chairman of Bank of Communications (Hong Kong) Limited was joined by Mr. Meng Yu, Deputy Chief Executive of Bank of Communications Hong Kong Branch, Mr. Ip Tsz Kin, Deputy Chief Executive of Bank of Communications Hong Kong Branch, Mr. Andrew Ferguson, Chief Executive Officer of Asia Pacific Loan Market Association and more than 100 guests from across the region's banking sector.
In the speech, Mr. Wang Feng said that after having served Hong Kong for 85 years, Bank of Communications Hong Kong Branch is well positioned to drive the development of the Greater Bay Area and support Hong Kong's status as an international financial centre. It is dedicated to ensuring the long-term prosperity and stability of Hong Kong with the expansion of its Asia Pacific syndicated loan business.
Hong Kong is an international financial centre with a wide array of competitive advantages, including a well-established financial system, a deep talent pool and respected legal and regulatory systems. Hong Kong is one of the most active syndicated loan markets in the Asia Pacific region, occupying a significant share of the syndicated loan business in Asia Pacific. Syndicated loans play an indispensable role in promoting cross-country, cross-border and cross-peer cooperation amongst financial institutions and in assisting both Hong Kong and mainland enterprises in their international expansion.
Delivering innovative, high-quality project-driven products and efficient professional services, Bank of Communications is at the forefront of the Asia Pacific syndicated loan market, succeeding in gaining both scale and prominence. Bank of Communications Hong Kong Branch will leverage its extensive networks and the international experience of its experts to help mainland and overseas enterprises to explore and capitalise on opportunities around the world. Its syndication business offers full range of services in one platform where it leads and arranges transactions and oversees the whole syndication process including origination, invitation, execution and distribution. It is also engaged in secondary loan trading and information management. It will also focus on key customers and projects in the Asia Pacific region and align with its branches, subsidiaries and peers to provide comprehensive and diversified financial service solutions that support the diverse needs of enterprises and the overall global finance market.
Bank of Communications Hong Kong Branch's overseas syndicated loan business has performed well in recent years. Its customer base includes Hong Kong and mainland companies with global growth strategies, as well as local and overseas industry leaders. It has participated in projects across the globe in a wide variety of sectors, including energy and chemicals, internet, logistics, finance, real estate and public utilities in Hong Kong, Singapore, the Middle East, Europe and the U.S. markets. With the efficient management and united business operation, Bank of Communications Hong Kong Branch continues acting as a strategic partner to Hong Kong and mainland enterprises seeking more synergy in the future.
Bank of Communications has established a full-licensed and comprehensive business system and earned reputation as a first-class corporate banking with cross-border, cross-sector and cross-market capabilities. Bank of Communications Hong Kong Branch acts as the base for Bank of Communications' overseas business and utilises Hong Kong's unique and remarkable advantages to fuel the region's economy by providing high quality of cross-border financial services that help promote the Belt and Road Initiative, develop the Greater Bay Area, as well as facilitate the international expansion of both Hong Kong and mainland enterprises.
About Bank of Communications Co., Ltd. ("BoCom")
Founded in 1908, BoCom (Stock codes: A shares 601328, H shares 03328) is one of the note-issuing banks with the longest history in modern China. BoCom reopened after reorganization on 1 April 1987. It is the first nationwide state-owned joint-stock commercial bank in China, with Head Office located in Shanghai. The Bank was listed on the Hong Kong Stock Exchange in June 2005 and on the Shanghai Stock Exchange in May 2007. BoCom's development strategy is "focusing on internationalization and integration, building the best wealth management bank in China" (hereinafter referred to as "BoCom Strategy"). Currently, BoCom is one of the major financial services providers in China. The Group's business scope includes commercial banking, securities, trust, financial leasing, fund management, insurance, and offshore financial services. By the end of June 2019, the Bank has set up 23 overseas banking branches, subsidiaries and representative office in 17 countries and regions, including branches in Hong Kong and subsidiaries in Hong Kong, and established 67 overseas banking outlets in total (excluding the representative office). In 2019, BoCom was honored "Top 500 Global Companies" for the 11 consecutive year and was ranked No. 150 in terms of revenue by FORTUNE. It was ranked No. 11 among the global top 1,000 banks in terms of Tier-1 Capital rated by The Banker.
Photo - https://photos.prnasia.com/prnh/20190826/2561149-1-a?lang=0
Photo - https://photos.prnasia.com/prnh/20190826/2561149-1-b?lang=0
