President Wei Hu of Bank of China U.S.A. Speaks at the 28th Harvard China Forum

On April 5, 2025, Mr. Wei Hu, President and CEO of Bank of China USA and Chairman of China General Chamber of Commerce (CGCC) addressed the 28th Harvard China Forum at the Opening Ceremony. He emphasized the need for RISE – Resilience, Innovation, Social impact, and Empowerment – in navigating today’s rapidly shifting global landscape. He noted that, as geopolitical and economic dynamics evolve, it is through cooperation, rather than division, that nations can ensure shared growth and stability.

Mr. Hu also highlighted the critical role of the China General Chamber of Commerce USA (CGCC) in strengthening the U.S.-China relationship. CGCC is vital in promoting economic exchanges and facilitating mutual investment. Having celebrated its 20th anniversary earlier this year, CGCC has become a cornerstone of U.S.-China trade relations, with over 1,000 member companies, including 43 Fortune Global 500 companies.
 

Resilience 
Mr. Hu highlighted the importance of resilience in today’s economy. He acknowledged the evolving challenges faced by both the U.S. and China, including the impact of tariffs and trade disputes. For businesses to thrive in such an uncertain environment, he stressed the need for adaptability. At Bank of China USA, this resilience is reflected in its commitment to secure financial systems and risk management models that can handle the complexities of global trade.

Innovation 
Innovation in financial solutions is the second key theme. Mr. Hu emphasized the transformative power of digital technology, with both the U.S. and China leading in this space. Bank of China USA has been investing heavily in digital banking services, cross-border transactions, and sustainable finance to support global trade. He also highlighted the importance of collaboration in areas such as healthcare and infrastructure, where U.S.-China partnerships can drive innovation.
 

Social Impact
Mr. Hu stressed that the success of companies is intertwined with the well-being of the communities they serve. The China General Chamber of Commerce USA (CGCC) plays a crucial role in fostering mutual understanding and investment between the U.S. and China. CGCC member companies have invested over $140 billion in the U.S., creating thousands of jobs and supporting initiatives in education, healthcare, and environmental sustainability.
 

Empowerment 
Lastly, Mr. Hu emphasized the need for empowerment in fostering dialogue and cooperation. In a world of heightened competition, he called for meaningful conversations that bridge divides. At Bank of China USA and CGCC, the focus is on empowering businesses and communities to engage with one another, creating trust and paving the way for shared prosperity.
 

A Prosperous, Interconnected Future
Mr. Hu concluded by stressing that the future of U.S.-China relations should be built on collaboration. Through resilience, innovation, social impact, and empowerment—RISE—the two nations can work together to build a prosperous and sustainable future.