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BOC tightening financial connections to foster more practical cooperation

By Hao Nan | China Daily | Updated: 2026-02-26 13:44
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Bank of China Frankfurt Branch serves as the headquarters of BOC in Germany. CHINA DAILY

As the leading Chinese bank in Germany, distinguished by the largest branch network and the most comprehensive range of financial services, Bank of China has consistently played an active role in supporting economic and trade exchanges between China and Germany, as well as between China and Europe.

Leveraging its strong financial capabilities, the bank has steadily advanced bilateral investment and industrial cooperation, further strengthening the China-Germany strategic partnership.

Rooted in local market

Established in 1989, Frankfurt Branch serves as the BOC headquarters in Germany. BOC's service network in Germany now spans major cities including Frankfurt, Hamburg, Dusseldorf, Berlin and Munich.

Currently, the bank provides credit facilities to 26 of the 34 industrial and commercial companies listed on DAX Index and offers financial services to 24 of the 26 German-funded companies included on the Fortune Global 500 list. The bank also acts as the principal banking partner for hundreds of large Chinese enterprises across Germany and Europe.

Earlier this February, Frankfurt Branch launched a comprehensive financial service plan designed to support Chinese and German clients in their global development.

The initiative upgrades and enhances 36 services across eight key areas, including specialized financing, international settlement, and secure clearing, to offer integrated, full-spectrum financial solutions.

RMB international use

In 2014, BOC Frankfurt Branch was authorized to serve as the renminbi clearing bank, becoming the first RMB clearing bank in the eurozone.

Over the past decade, Frankfurt Branch has actively fulfilled its clearing responsibilities, working closely with the central banks, major financial institutions, and financial market infrastructures of both countries to provide efficient and secure RMB payment, clearing and settlement services. Over the past three years, the average annual RMB clearing volume has reached 2.27 trillion yuan ($328.58 billion).

Frankfurt Branch has supported leading German enterprises such as Mercedes-Benz, BMW, Volkswagen, Bayer, BASF, and Deutsche Bank in issuing panda bonds totaling over 160 billion yuan.

In 2024, Frankfurt Branch issued the world's first RMB-denominated SGS bond linked to sustainability, green and social responsibility loans, with an issuance size of 2.5 billion yuan.

In recognition of its contributions, Frankfurt Branch received the "Outstanding Contribution to the Frankfurt Financial Centre and Outstanding RMB Service" award in 2024 and was awarded the "Best RMB Bank in Germany" in 2025.

People-to-people bond

As the chair institution of the Chinese Chamber of Commerce in Germany, BOC Frankfurt Branch collaborates with Chinese enterprises in Germany to fulfill social responsibility, promote Chinese culture and foster friendly bilateral relations.

The bank actively participates in and supports a wide range of China-Germany exchange activities, including the German-Chinese City Summit and German-Chinese U16 Football Tournament.

As the only Chinese-funded bank in Germany offering retail banking services, Frankfurt Branch meets the financial needs of individuals engaged in cross-border exchanges.

With the ongoing visit of Germany's Chancellor Friedrich Merz to China, high-level bilateral exchanges and economic cooperation are expected to reach new heights, unlocking broader potential for collaboration in industry, technology, finance and other key sectors. BOC said it will continue to firmly serve major national strategies, provide comprehensive financial services, and inject fresh momentum into bilateral economic and trade cooperation.

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