THERE is no denying that despite the pandemic, the Philippines continues to be an attractive investment destination that offers interesting opportunities in various business sectors.
This is the reason why Bank of China collaborated with the Department of Trade and Industry (DTI), with the Board of Investments (BOI) as their strategic partner, and promoted the Philippines and its many interesting investment opportunities during this year’s China International Fair for Investment and Trade (CIFIT) held September 8 to 11, 2021 in Xiamen, China.
As a strategic partner, Bank of China brought in over 250 of its clients to participate in the Philippines’ promotional events at CIFIT 2021, which included the Philippine Investment Forum, the Philippine Construction and Infrastructure Opportunities Investment Forum, and many other fora online and onsite.
Among the key sectors of interest for participants during the event include hyperscalers, manufacturing, infrastructure, innovation and digital technology, and renewable energy.
As a financial institution, Bank of China’s mission is to be the bridge between Chinese and Philippine trade and investments through corporate banking, personal banking, and financial markets services while facilitating Chinese investments in key sectors of the fast-growing Philippine economy.
The many fora at CIFIT 2021 were part of the DTI’s strategic partnership with the Bank of China to promote the investment and trade projects in the Philippines to the Chinese market.
“The longevity of the Philippine-China relations points to a complementarity of the two economies. This is not just evident in our imports and exports, but also in the demographic dividend,” explains Deng Jun, Country Head of Bank of China Manila, in a statement sent to FrontpagePH.com.
He added that the bank’s foothold in both markets allows them to better support Chinese investments in the Philippines.
“Bank of China is well-positioned to help you along the way through our accumulated expertise and knowledge on the Philippine and Chinese markets and provide you with the best banking services to serve your financial requirements while driving positive, sustainable growth for your companies,” he added.