BOC Promotes China-Germany Financial and Economic Cooperation

Bank of China (BOC) conducted a research visit in Germany from Sept 28 to 30, 2025, and held in-depth discussions with political and business representatives to promote China-Germany economic and trade cooperation and advance the internationalization of the renminbi.

Ge Haijiao, chairman of BOC, and Huang Yiyang, the Chinese consul general in Frankfurt, co-hosted a symposium for Chinese-funded institutions in Germany on Sept 28, with representatives from various enterprises in attendance.

On Sept 29, Ge met with Joachim Nagel, president of the Deutsche Bundesbank. Both parties stressed the importance and potential of financial and trade cooperation between China and Germany for future growth. BOC will leverage its role as an RMB clearing bank to boost economic and trade cooperation between the two nations by expanding the scope and efficiency of traditional partnerships and exploring opportunities in emerging sectors.

Ge also met with Qiu Xuejun, China's consul general in Munich, Jim Hagemann Snabe, chairman of the supervisory board of Siemens AG, and Walter Mertl, the CFO of BMW Group. These discussions aimed to strengthen financial support across the entire industry value chain and to improve collaboration in green transition and green finance. Ge also conducted a research visit to BOC's Munich branch.

As the first Chinese bank to enter Germany, and the one with the most branches and widest range of services, BOC is committed to enhancing product and service innovation, deepening domestic and international collaboration, and continuing to support economic and trade exchanges between the two countries with firm confidence.

Using its expertise, BOC aims to support Chinese enterprises and promote the growth of RMB business with dedication. BOC seeks to strengthen the comprehensive strategic partnership between China and Germany, alongside these enterprises, according to Ge.

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