|28 Jun 2012
Bank of China (Hong Kong) Limited ("BOCHK") announced the offering of RMB Sovereign Bonds subscription service and an array of promotional offers (Note1), following the launch of 2012 RMB Sovereign Bonds by the Ministry of Finance of the People's Republic of China in Hong Kong. The promotional offers, including waivers on handling fees, exchange rate privileges and special time deposit offers, are all designed to help customers capture the investment opportunities. In addition, from 29 June to 12 July 2012 (except for Sunday and public holidays), 55 designated branches (Note2) of BOCHK and subscription hotlines will extend service hours to facilitate subscription of RMB Sovereign Bonds by customers.
From 29 June to 13 July 2012 ("subscription period"), customers who subscribe for RMB Sovereign Bonds through BOCHK, Nanyang Commercial Bank ("NCB”) and Chiyu Banking Corporation ("Chiyu") can enjoy fee waivers on subscription, custody and interest collection. No redemption fee at maturity and handling fee for secondary market transactions will be charged. In addition, customers will enjoy RMB exchange rate premiums of up to 30 basis points. Those who exchange HKD for RMB in an amount of RMB 50,000 or above are entitled to a maximum of HKD 400 supermarket coupon.
Preferential interest rate (p.a.) and a supermarket coupon will be offered to customers who place a designated time deposit with new funds upon subscription of any bonds. Those who place a designated time deposit with refunds from any bond subscription will also enjoy the preferential interest rate (p.a.).
Furthermore, BOCHK Wealth Management customers can pledge RMB Sovereign Bonds as collateral for application of loans/overdraft facilities at a maximum loan ratio of 85% of the market value of the bonds to increase liquidity.
During the subscription period, customers can subscribe for RMB Sovereign Bonds at the designated counters of over 260 branches of BOCHK, NCB and Chiyu. From 29 June to 12 July 2012, 55 designated branches of BOCHK will extend service hours from 9 am to 6 pm from Monday to Friday, and 9 am to 2 pm on Saturday. Alternatively, customers can subscribe for RMB Sovereign Bonds via the 24-hour Internet Banking of BOCHK at www.bochk.com, NCB at www.ncb.com.hk and Chiyu at www.chiyubank.com respectively, or call BOCHK Subscription Hotline at (852) 3988 2688, NCB Subscription Hotline at (852) 2850 1228 or Chiyu Subscription Hotline at (852) 2232 3882. Service hours of the above hotlines will also be extended from 8 am to 8 pm from Monday to Friday, and 8 am to 3 pm on Saturday from 29 June to 12 July 2012.
To subscribe for RMB Sovereign Bonds through BOCHK, NCB and Chiyu, customers must hold a securities account and a Multi-Currency Savings Account/RMB savings account as the settlement account with the respective banks. The bond subscription refunds and the interest collected in respect of the bonds will be credited to customer’s settlement account.
For enquiry of RMB Sovereign Bonds subscription service and promotional offers, please call BOCHK Customer Service Hotline at (852) 2105 8900, NCB Customer Service Hotline at (852) 2622 2633 or Chiyu Customer Service Hotline at (852) 2232 3633 or visit any of the Banks’ branches.
1. Offers are subject to relevant terms and conditions.
2. List of selected branches with extended service hours
About Bank of China (Hong Kong) Limited
Bank of China (Hong Kong) Limited ("BOCHK"), established on 1 October 2001, is a leading listed commercial banking group in Hong Kong. With over 260 branches, more than 570 ATMs and other distribution channels in Hong Kong, BOCHK and its subsidiaries offer a comprehensive range of financial products and services to personal and corporate customers. BOCHK is one of the three note issuing banks in Hong Kong. In addition, the BOCHK Group (comprising BOCHK, Nanyang Commercial Bank and Chiyu Banking Corporation) and its subsidiaries have 31 branches and sub-branches in the Mainland of China to provide cross-border banking services to customers in Hong Kong and the Mainland. BOCHK is appointed by the People's Bank of China as the Clearing Bank for Renminbi business in Hong Kong. On 13 July 2010, BOCHK was authorised as the Clearing Bank of RMB banknotes business for the Taiwan region.
BOC Hong Kong (Holdings) Limited, BOCHK's holding company, began trading on the main board of the Stock Exchange of Hong Kong on 25 July 2002, with stock code "2388", ADR OTC Symbol "BHKLY".