Chairman of the Hong Kong Trade Development Council Frederick Ma said that a strategic alliance will be concluded between the PRC and the Bank of China. Its goal is to support Chinese companies seeking to expand their international presence, especially in the context of unstable US foreign trade policy. As part of the cooperation, it is planned to organize business missions abroad and promote Hong Kong as a platform for global trade.
Frederick Ma noted that Hong Kong is able to become a "super-connecting link" between China and global markets thanks to an extensive network of foreign representative offices. He stressed that the new initiative is relevant against the background of increasing pressure from Washington, including the imposition of duties and the threat of closure of Hong Kong trading offices in the United States.
Despite the challenges, the company will continue to work actively in the American sector, where it has three representative offices in New York, Los Angeles and Chicago. Offices in EU countries are also actively used, where it is planned to export Bank of China clients to European markets.
