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In 2011, Bank of China took the lead to coordinate the syndicated loan facility for the Hong Kong-Zhuhai-Macau Bridge ("HZMB") which is the first large scale infrastructure project to be developed jointly by the three regional governments of Guangdong province, Hong Kong SAR and Macau SAR.
Leveraging RMB internationalization and making the most out of the advantage of the all-rounded and cross-border banking network, the Bank of China Group submitted to the HZMB managing authority a cross-border RMB loan proposal which was later on accepted by the HZMB Authority and the supervisory authority. Recently, the Macau Branch and the Guangdong Branch of Bank of China signed a syndication loan agreement internally and loan fund in RMB has been released for the first time in history by Bank of China Macau Branch.
This cross-border loan arrangement did not only represent the direct support of Bank of China to this major construction project of these three places - Guangdong, Hong Kong and Macau but also mark the launch of this innovative loan arrangement originated by Bank of China Macau Branch.
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