Bank of China event marks 40 years in US

The Bank of China (BOC U.S.A.) celebrated 40 years of its presence in the United States with a virtual event on Nov 18, bringing together over 700 employees from its New York, Chicago and Los Angeles branches.

The event paid tribute to its employees who have been working for the bank since the opening of its New York branch in 1981.

The employees were awarded for their continuous support and outstanding service to fulfil its mission to connect between the world's two largest economies – the US and China, as well as to foster an inclusive and productive socio-economic and business environment.

The event also featured a performance by students of the Juilliard School and TianJin Juilliard School performing arts conservatories, with the original arrangement celebrating Chinese folk songs.

The event also included presentations from the bank's executive managers from China and the United States, as well as speeches from the Chinese ambassador to the United States and Chinese counsel general in New York.

"Bank of China U.S.A. stands as a pillar of our global business, setting an example of how our overseas operations can become a champion in their host communities,'' said Liu Liange, chairman of Bank of China. "For 40 years, they have been actively connecting the world and facilitating cooperation between enterprises. BOC U.S.A. will continue to offer more to these causes, as well as supporting Bank of China's mission of becoming a first-class global banking group."

"While we are a global bank, we have a local heart and four decades of experience working with and supporting [the] US and Chinese businesses," Xu Chen, president and CEO of Bank of China U.S.A., said. "This anniversary acknowledges our successful track record of supporting clients from homegrown enterprises to Fortune 500 companies. I am honored to be celebrating this milestone in Bank of China's history and look forward to continuing to grow our trust in the marketplace and success in building bridges between East and West."

Over the past 40 years, BOC U.S.A. has become a leading international bank, focused on supporting bilateral investment and trade ties between the US and China.

More than 90 percent of the bank's client portfolio is represented by US-based corporations, which are supported by BOC U.S.A.'s local and cross-border banking services, including trade finance, subscription financing, USD and RMB clearing, research and insights, among other services.

The bank's corporate social responsibility efforts are ingrained in all of its operations, from interacting with clients and employees to supporting local communities.

BOC U.S.A. provides financial and volunteer assistance to a number of initiatives, which includes improving access to financial services. The bank also provides funding for hospitals, cultural events, and real estate financing for projects that serve low- and moderate-income communities in the US.