Bank of China has been helping enterprises address challenges in technological innovation and strengthen their growth through its technology finance services in recent years, supporting the high-quality development of high-tech industries.

BOC was the first major State-owned commercial bank to provide services to Fujian Yongfu Power Engineering Co Ltd (hereinafter referred to as 'Yongfu'), a national high-tech enterprise offering comprehensive power and energy solutions. In addition to providing traditional settlement services, including streamlined account settlements and cross-border receipts and payments, it approved a total credit line of RMB 250 million for the company and provided all-round, multi-type financial support.

While developing its business in the Philippines, Indonesia, and other markets, Yongfu was unfamiliar with overseas bidding and procedures for obtaining letters of guarantee for overseas business, and encountered difficulties in cross-border transactions and credit risk management. BOC responded promptly by forming a dedicated service team and issuing letters of guarantee for Yongfu's overseas operations, providing strong support for the company's overseas business development. It offered a suite of financial products to meet the company's financing needs throughout its development cycle.

In the Fuzhou High-Tech Industrial Development Zone, a hub for technology companies, BOC has established a one-stop financial service system bringing together government, industrial parks, industry, and investment funds. Furthermore, leveraging its global expertise and comprehensive features, BOC has focused on key customer groups and expanded its range of specialized products to provide technology companies with diverse financial services throughout their life cycles.

From serving individual enterprises to building a broader ecosystem, BOC continues to extend its financial services and seek better solutions in technology finance, promoting innovation in driving high-quality development.