HBL and the Bank of China sign an MoU on Strategic Cooperation to enhance regional trade

Corporates

Press Release
18 November, 2023, 05:10 pm
Last modified: 18 November, 2023, 05:16 pm
Farhan Talib, Head of International Banking - HBL (designate), and Yu Xiaoming, DGM Financial Institutions - BOC signed the agreement in the presence of Liu Jin, Vice Chairman & President - BOC (standing 3rd from right), Sultan Ali Allana, Chairman - HBL, (standing 3rd from left) and Muhammad Aurangzeb, President & CEO - HBL (standing 2nd from left). Photo: Courtesy

HBL and the Bank of China (BOC) signed a Memorandum of Understanding (MoU) for Strategic Cooperation at the BOC headquarters in Beijing, China.

Liu Jin, Vice Chairman & President - Bank of China, Sultan Ali Allana, Chairman - HBL, and Muhammad Aurangzeb, President & CEO - HBL represented their respective institutions.

The signing of the strategic cooperation memorandum signifies HBL and BOC's commitment to drive economic empowerment and regional connectivity. 

The collaboration between HBL and BOC will facilitate Bangladeshi businesses with seamless trade opportunities, enhance their international business network, and help grow their operations locally and overseas. 

HBL and BOC will further benefit businesses operating in South Asia, Middle East, Central Asia, and Africa. Both the organisations will work to deepen strategic cooperation in the areas of Environmental, Social & Governance (ESG), technology, and training. 

Bank of China is a premier bank in China with presence in over 60 markets around the world while HBL serves over 15 global markets with dedicated China desks and branches in Beijing and Urumqi.

 

Related Topics

People's Bank of China (PBOC) / HBL

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.