March 21, 2023

Bank of China inks deal to help facilitate investments to Philippines

The bank aims to bolster bilateral investments between the two countries.

The Philippines and China inked a a memorandum of understanding (MOU) with Bank of China for financial support to ease investments between the two countries.

Bankero, Bank of China Manila Branch head Hu Xinquan inked the agreement during the three-day state visit of President Ferdinand Marcos Jr. to China. The signing happened during an investment briefing as part of the official program of the state visit. The said visit was conducted to push for the promotion of the country’s potential exports to China.