BOC International Holdings Limited (BOCI) announced today that its wholly-owned subsidiary namely Bank of China International Limited (BOCIL) was granted to operate its business as a restricted licence bank after reactivating such licence earlier this year.  The full support from Bank of China Limited (BOC) makes BOCIL the first Chinese financial institution ever in Hong Kong to bring a comprehensive suite of high-end wealth management services exclusively for affluent private banking clients with net assets of US$ 1 million and above.  BOCI has now embarked on an ambitious development plan for its personal financial services as epitomized by this new business platform and its new corporate identity adopted.

As the rapid economic growth in China has created legions of affluent Chinese in recent years, there is a growing demand for sophisticated wealth management services.  To cope with the trend, BOC opened its first private banks in Beijing and Shanghai in 2007, followed by more private banking outlets set up in the major cities of China.  Bank of China International Limited forms part of the BOC private banking network and plays an important role in supporting its global expansion plan of establishing first-rated private banks worldwide. 

By capitalizing on BOCI Group's breadth of investment banking services and product range specializing in initial public offerings, mergers & acquisitions, financial advisory, global equity sales and trading, fixed income, equity derivatives, asset management, private equity investments, leveraged and structured finance etc., BOCIL is well positioned to offer diversified and all rounded wealth management solutions through its "one-stop" service platform.  Backed by a full team of specialists in product development and investment advisory, each dedicated Relationship Manager provides affluent individuals, their families and businesses with a high degree of personalized services addressing their evolving financial needs, from cash management to financing, from asset allocation to wealth transfer etc.  BOCIL's open architecture also empowers the relationship managers to draw upon the pool of exceptional resources available in both BOCI as well as its worldwide reputable partners to help design and implement for clients the optimal financial solutions.