Bank of China opens an office in Mauritius
News from the Board of Investment – Mauritius has indicated that The Bank of China is the first Chinese bank licensed to conduct banking operations in Mauritius. Its official opening ceremony was held on the 27 September 2016 at Balaclava and was attended by Mr Wang Xiquan, Chairman of Bank China, Mr Li Li, Ambassador of China in Mauritius, Mr Pravind Jugnauth, the Finance Minister of Mauritius, Mrs Ameenah Gurib-Fakim, the President of the Republic of Mauritius as well as representatives of the financial sector.
The Bank of China (Mauritius) Limited will be mainly engaged in corporate banking activities, and will play a key role in developing Mauritius as the Renminbi clearing centre for the African Region. The Bank of China (Mauritius) limited endeavours to grow into a strategic platform for African businesses of the Bank Of China Group as well as to providing all-round quality financial services for multinationals and customers, handling businesses between the two countries. The Mauritius subsidiary of the Bank of China will serve as a bridge between economic and investment contacts between China and Mauritius.
Bank of China is the most internationalized and diversified bank in China. The Bank grooms its footprint in 46 countries and regions. It has set up a global services network to deliver all-round financial services to customers across the globe. It is the sole Chinese financial institution that has operated for more than 100 years, the sole Chinese enterprise that has been listed in Fortune Global 500 for 27 consecutive years, and the sole financial institution from emerging market economies that has been enrolled as a Global Systemically Important Bank for five consecutive years.
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