Canada-China Business Banking (CCBB)

Bank of China (Canada), Your Partner in China

China's entry to the World Trade Organization (WTO) will further open up a market of over one billion people to the world. Over the past 20 years, China's economy has expanded at a phenomenal annual rate and become one of the world's largest. Numerous business opportunities are already there. The question is whether we are prepared.

Bank of China (Canada) is well equipped to provide efficient services to customers who are doing business in China.

• We have a team of staff who are familiar with the business environment in China.
• Bank of China Limited has an extensive branch network all over China.
• Trade Finance Departments are set up both in our Toronto Head Office and Vancouver Branch to handle import/export documents directly to expedite the process.

Our Canada-China Business Banking (CCBB) Service is a package of services to serve your banking needs:

1. Renminbi Financial Standby / Guarantee

When you invest in China, you may need Renminbi as your working capital. Or, you may want to hedge your foreign exchange risk by borrowing Renminbi instead of injecting Canadian Dollars or U.S. Dollars into your China project. In certain circumstances, you may be able to reduce your borrowing cost by borrowing fund denominated in Renminbi.

However, as a foreign enterprise, it would be difficult to arrange for financing from banks in China. Bank of China (Canada) is prepared to assist you. We can issue a guarantee on your behalf to back up your borrowing from a PRC Bank and we are also willing to arrange a loan for you through our branches in mainland China.

2. Trade Finance Service

We offer the following CCBB trade related services to corporate customers who are involved in China trade:

• Letters of Credit
• Standby L/Cs and Guarantees
• Back-to-Back Letters of Credit
• Transferable Letters of Credit
• Export Bills Negotiation / Discount
• Import/Export Bill Collections
• Import / Export Bill Collections under Documentary Credits

3. Remittance

Whether you are making investment to China, settling your transactions or remitting funds to your co-workers or friends/relatives, you should take advantage of our CCBB remittance service. We have direct payment arrangements with our branches in China to enhance remittance efficiency.

We, at Bank of China (Canada), are committed to be your business partner in China. Should you need any further information about our CCBB service, please feel free to contact us.