Bank of China New York Branch Won the “Best RMB Bank U.S.A.” Award for the Third Consecutive Year

Recently, “The Asset” magazine announced the results for its 2023 “Best RMB Bank” awards. Bank of China New York Branch won the “Best RMB Bank U.S.A.” award for the third consecutive year against competition from other global banks. At the same time, Bank of China Hong Kong and Bank of China Manila also won the same "Best RMB Bank” awards in Hong Kong and the Philippines, for the first time. Among the 27 participating regions, Bank of China won the “Best RMB Bank” awards this year in four regions: Mainland China, the United States, Hong Kong, and the Philippines.

Since the launch of Bank of China New York Branch’s RMB Clearing Bank in January 2019, the Bank has continuously improved our RMB products and services, and participated in various educational events in the local market, enhancing the Bank’s profile as the leading Chinese banking partner in the United States. In 2022, despite the impact of the pandemic and other headwinds in the market, Bank of China New York Branch remained dedicated in promoting the sustainable development of RMB business in the United States, striving to educate the local market through various channels and developing RMB products and services. The fact that “The Asset” awarded the “Best RMB Bank U.S.A.” to Bank of China New York Branch for the third time, fully demonstrated the recognition from our local clients and partners of the Bank’s capability in RMB products and services.

More importantly this year, Bank of China New York Branch collaborated closely with other Bank of China sister branches, and greatly contributed to the first win of this award by Bank of China Hong Kong and Bank of China Manila. This success showcased the strength of Bank of China Group’s global network and the synergy achieved among overseas branches, which will further reinforce Bank of China’s market leadership in the global RMB business.