On January 30, Zhang Hui, President of Bank of China Limited, met with Sam Woods, Deputy Governor of the Bank of England and CEO of the Prudential Regulation Authority (PRA), at the Bank’s Head Office in Beijing. The two parties held in-depth discussions on a wide range of topics including China’s macroeconomic landscape, development of the banking sector, and the Group’s global and UK operations.

Both parties appreciated the fruitful outcomes of financial cooperation between China and the United Kingdom and the active role Bank of China has been playing in supporting the development of the UK’s offshore RMB market and expanding the international use of RMB. They agreed to further deepen dialogue and cooperation to facilitate new progress in China-UK economic and trade ties.