BOCHKBank of China (Hong Kong) Limited
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Currently, the RMB clearing system of BOCHK offers the world s longest operating hours.
BOCHK AM is one of the largest active RMB fund managers globally, with discretionary and advisory mandates of USD7.
After examining different IT solutions and services in the market, BOCHK appointed Automated as the systems integrator to manage the entire deployment of the VASCO and i-Sprint solutions for the Strong Authentication and Data Signing functions, as well as after-sales maintenance for the solution.
Following a selection process, China's central bank, the People's Bank of China, named the BOCHK the clearing bank in Hong Kong, the Hong Kong Monetary Authority said.
By leveraging Citi's experience, solutions and customer support in CLS payments, BOCHK can better serve its growing client base and maintain its leading edge in providing this pivotal service internationally.
BOCHK will use Moody's KMV's RiskAnalyst system as it implements an internal credit rating process, applying tools that will also allow it to satisfy Basel II requirements.
From 9 am on 21 November to 2 pm on 5 December 2014 ("subscription period"), customers who subscribe for RMB sovereign bonds through the BOCHK Group can enjoy: Full fee waivers, including the 0.
With BOCHK Group's leading position in RMB business, we will continue to drive product and service innovation to be the best choice of customers' RMB needs.
Through sophisticated electronic modeling tools, combined with Unisys deep industry experience in banking, 3D-VE allows BOCHK to more strategically re-engineer processes by helping to reduce the risks associated with implementing change.
BOCHK, one of the largest banks operating in Hong Kong, has more than 300 branches offering a comprehensive range of financial products and services to retail and corporate customers.
Mr Yang Ruhai, Head of RMB Business of BOCHK, said, "The use of RMB as the investment currency in the Shanghai-Hong Kong Stock Connect promotes the two-way flow of RMB funds between the offshore and onshore markets.
Leveraging its experience and competitive edge in RMB business, BOCHK endeavours to fulfil its responsibilities as a PLP to cater for the market demand for RMB funds and contribute to the healthy development of the Hong Kong offshore RMB centre.