HBL and Bank of China Forge Strategic Partnership for Economic Growth

hbl and bank of china forge strategic partnership for economic growth

HBL and the Bank of China (BOC) recently inked a Memorandum of Understanding (MoU) at the BOC headquarters in Beijing, China. This agreement marks a significant step in their collaboration for mutual growth. Representing their institutions were Liu Jin, Vice Chairman & President of Bank of China; Sultan Ali Allana, Chairman of HBL; and Muhammad Aurangzeb, President & CEO of HBL.

The signing of this memorandum underscores the shared commitment of HBL and BOC towards driving economic empowerment and enhancing regional connectivity. Through this partnership, both banks aim to facilitate smoother trade transactions, offering valuable opportunities for businesses across South Asia, the Middle East, Central Asia, and Africa.

Additionally, the collaboration extends to deeper cooperation in crucial areas such as Environmental, Social & Governance (ESG), technology integration, and skill development.

Bank of China stands as a leading financial institution in China, with a presence spanning over 60 global markets. On the other hand, HBL serves more than 15 international markets, boasting dedicated China desks and branches located in Beijing and Urumqi.