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On June 17, 2014, Mr. Tian Guoli, Chairman of Bank of China and Dr. Ralf Speth, CEO of Jaguar Land Rover Automotive PLC (“Jaguar Land Rover”) signed a comprehensive Memorandum Of Understanding on cooperation (MOU) in London, during Chinese Premier Li Keqiang’s visit to UK. The signing of the MOU is a significant example of the economic and trade exchanges and business cooperation between China and the UK.
Bank of China has maintained a strong business relationship with Jaguar Land Rover for many years. The signing of the MOU is not only a milestone of the successful interactions between the two parties, but also an opportunity to broaden and deepen the business cooperation in all aspects in the future.
Jaguar Land Rover is a British multinational automotive company headquartered in Coventry UK. Its principal activity is the design, development, manufacture and sale of premium Jaguar and Land Rover vehicles. Jaguar Land Rover has grown in recent years across all markets with strong growth in China and other emerging markets.
In recent years, Bank of China has established comprehensive business relationships with many world-renowned multinational companies reflecting the significant international expansion and diversification of products and services. Bank of China Limited, London Branch was the first overseas branch of a Chinese Financial Institution to establish a London office, which was opened in 1929. It is the only Chinese Banking entity which has both branch and subsidiary licenses, public credit ratings and full geographic representations (4 sub-branches) in the UK.
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