Bank of China: Interview with Wei Hu - US & China Financial Bridge

Bank of China U.S.A.’s President and Chief Executive Officer, Wei Hu, recently appeared in an interview with LEADERS Magazine in which he highlighted the imperative role that the Bank of China U.S.A has played, serving as an economic bridge between the U.S and China, promoting economic stability between the world’s two largest economies, facilitating crucial trade, and opening new doors for businesses and entrepreneurs. Mr. Hu mentioned how BOC U.S.A. has continued to evolve from its core services in trade finance to providing a wide and diversified range of financial services that has stimulated local economies through job creation and new business opportunities in both domestic and cross-border markets.

When asked about client relations in a continuously developing digital world, Mr. Hu underscored the importance of establishing deep roots in the domestic markets BOC U.S.A. serves. Through cultivating intimate relationships with local businesses, charitable groups, trade organizations, and others the bank can create a better understanding of what digital-oriented financial challenges clients face. Thus, BOC U.S.A has adapted efficiently through comprehensive upgrades like its online RMB exchange, new user-friendly UI design and interface, and a new product eMPAY, that provides low -cost payment services for cross-border e-commerce. Through its relationships and familiarity with the American financial regulatory regime, Mr. Hu emphasized the bank’s vested interest in ensuring a seamless digital transformation.

Mr. Hu also spoke to the challenges deriving from recent shifts in geopolitics. He emphasized the importance of cooperation and communication. Mr. Hu acknowledged that both countries have seen massive economic gains stemming from open trade and cooperation and highlighted that in order to continue reaping the benefits of lower costs, expanding manufacturing capabilities, and increasing economic activity overall, the U.S. and China must continue to work together. For that reason, Mr. Hu views it as a responsibility and duty of the bank to always remain committed to an open global economic order. Click here to read the article.