Bank of China (Hong Kong), China Mobile International and China Mobile Hong Kong Signed Strategic Cooperation Agreement Partnership to provide optimal products and service

HONG KONG, Jan. 17, 2017 /PRNewswire/ -- Bank of China (Hong Kong) Limited ("BOCHK"), China Mobile International Limited ("CMI") and China Mobile Hong Kong Limited ("CMHK") jointly announced that the three corporations have signed a comprehensive strategic cooperation agreement. By leveraging the strengths of the three large corporations in our respective fields and by collaborating in full-scale, we can bring synergies of the three leading Chinese corporations to full play in creating mutually beneficial and win-win partnership.

The signing ceremony of the strategic cooperation agreement was held on the 70^th floor of the Bank of China Tower. Mr. Yue Yi, Vice Chairman and Chief Executive of BOCHK, Dr. Li Feng, Chairman of CMI and CMHK, together with other senior executives attended the ceremony.

At the signing ceremony, Mr. Yue Yi, Vice Chairman and Chief Executive of BOCHK, said: "CMI, CMHK and BOCHK are three leading and influential players in their respective industries. As a leader in communications technology industry, China Mobile demonstrates extensive experience in personal communications services and mobile networks. BOCHK is one of the largest commercial banks in Hong Kong with solid financial background and the largest branch network, while leading the FinTech innovative development and application in Hong Kong's banking industry."

Mr. Yue continued: "This collaboration can be described as a "Perfect Match". We can optimise our respective strengths to complement each other. With China Mobile's strengths in communications technology and platforms, together with BOCHK's expertise in banking services, we will be able to leap over respective market boundaries, and achieve comprehensive cross-field convergence for the best use of our resources."

Dr. Li Feng, Chairman of CMI and CMHK, said: "We are extremely pleased to enter into this strategic cooperation agreement with BOCHK. As Hong Kong's premier bank, BOCHK is deeply rooted in Hong Kong, while at the same time closely keep up with the "One Belt, One Road" strategy to actively expand the Southeast Asian market as its development focus. This is consistent with our strategy, as CMHK has built a strong foundation in Hong Kong, while CMI has established presence in global markets. Our cooperation is not only based on our large cross-border customer base and the strategy of actively developing cross-border customers, but also an innovative play of our respective advantages in resources, seeking to establish a common business development platform and achieve win-win cooperation."

Develop Diversified Service Platforms Cultivate Core Customer Base

BOCHK, CMI and CMHK are committed to providing customers with the best financial services and mobile network communications services, as well as to developing diversified service platforms for best customer experiences. Through the strategic physical networks and diversified online marketing channels of the three corporations, customer experience will be enhanced with more relevant service information catering to their lifestyle and needs, coupled with broader service coverage, higher quality, more comprehensive and personalised services.

Accelerate Regional Development Jointly Develop Southeast Asian business

With CMI's extensive networks and advantages in Southeast Asia, BOCHK will be able to enhance its network and channel services in the region.  By accelerating the development and business collaboration of both parties in the region, BOCHK can provide more convenient and faster services to residents in Southeast Asia and cross-border travellers.

The tripartite management teams have unanimously endorsed the cooperation with much expectation. BOCHK, CMI and CMHK are all prestigious leading institutions with unique advantages in their respective industries. The tripartite collaboration allows us to make full use of our own expertise and edges to achieve resources sharing and offering benefits to mutual business and common customers. For the cross-border market in particular, CMI's "JegoTrip" platform coupled with BOCHK's accurate customer analysis and target marketing, we can offer more suitable products and privileged services to our high-quality customers. The signing of the strategic cooperation agreement can help promote cross-industry cooperation and integrate our strengths for the benefits of our customers. Apart from effectively expanding each other's target customer base, making it more conducive to enriching our products and services coverage and enhancing cross-border competitive edges, we can also jointly create more values for the cross-border and local customers.

Link to photo: https://drive.google.com/drive/folders/0B_zLkOoE2WhoWVdjN1BSNVdGb28?usp=sharing

Photos and Captions:

Caption 1: From left: Mr. Waynffly Zhong, Chief Marketing Officer of CMHK, Dr. Zhao Peng, Regional Head of China Region of CMI, Mr. Ge Jianbao, Director and Chief Financial Officer of CMHK, Mr. Lei Liqun, Director & Executive Vice President, Chief Financial Officer of CMI, Mrs. Kung Yeung Ann Yun Chi, Deputy Chief Executive of BOCHK, Mr. Zhong Xiangqun, Chief Operating Officer of BOCHK, Mr. Lin Jingzhen, Deputy Chief Executive of BOCHK, Mr. Yue Yi, Vice Chairman and Chief Executive of BOCHK, Dr. Li Feng, Chairman of CMI and CMHK, Mr. Sean Lee, Director and Chief Executive Officer of CMHK, Dr. Max Ma, Director and Executive Vice President of CMHK, Mr. Lin Guangming, Chief Corporate Banking Officer of BOCHK, Mr. Shen Weizhong, Director & Executive Vice President, Chief Operating Officer of CMI, Ms. Lu Ying, General Manager of Global Corporate Banking Department of BOCHK, Mr. Cheng Chung Ngam, General Manager, Information Technology Department of BOCHK, and Mr. Tan Chiming, Deputy General Manager & Head of E-Finance Centre of BOCHK jointly toast to celebrate the signing of the strategic cooperation agreement by the tripartite.

Caption 2: Dr. Li Feng, Chairman of CMI and CMHK, said at the signing ceremony that the strategic cooperation among BOCHK, CMI and CMHK is not only based on our large cross-border customer base and the strategy of actively developing cross-border customers, but also an innovative play of our respective advantages in resources, seeking to establish a common business development platform and achieve win-win cooperation.

Caption 3: Mr. Yue Yi, Vice Chairman and Chief Executive of BOCHK, who has jointly witnessed the signing of the strategic cooperation agreement with representatives from CMI and CMHK, said that this collaboration can optimize our respective strengths to complement each other. With China Mobile's strengths in communications technology and platforms, together with BOCHK's expertise in banking services, we will be able to leap over respective market boundaries, and achieve comprehensive cross-field convergence for the best use of our resources.

About Bank of China (Hong Kong) Limited

Bank of China (Hong Kong) Limited ("BOCHK") has strong market positions in all major businesses. It has the most extensive local branch network and diverse service platforms, including about 197 branches, efficient e-channels of over 1,000 self-service machines, as well as Internet and mobile banking services. It offers a comprehensive range of financial, investment and wealth management services to personal, corporate and institutional customers. BOCHK is one of the three note-issuing banks and the Clearing Bank for Renminbi business in Hong Kong. With its strong RMB franchise, BOCHK is the first choice for customers in this business. Through the deep collaboration with its parent bank, BOC, it provides a full range of high quality cross-border services to multinationals, cross-border customers, Mainland enterprises going global, central banks and super-sovereign organisations.

BOC Hong Kong (Holdings) Limited, BOCHK's holding company, is listed on the main board of the Stock Exchange of Hong Kong, with stock code "2388", ADR OTC Symbol "BHKLY".

About China Mobile International Limited

China Mobile International Limited ("CMI") is a wholly-owned subsidiary of China Mobile Limited, mainly responsible for the operation of China Mobile's international business.

As the world's largest telecommunications operator in terms of network scale, customer base and market value, China Mobile strives to continuously expand its global network and international business. In order to provide better services to meet the growing demand in the international telecommunications market, China Mobile established a subsidiary, CMI, in December 2010. Leveraging the strong support by China Mobile, CMI provides a full range of comprehensive international telecommunications services which includes IDD, roaming, Internet, MNC services and Value Added Business across the globe.

Headquartered in Hong Kong, CMI has expanded its footprint in 18 countries across different regions.

For more information, please visit: www.cmi.chinamobile.com

About China Mobile Hong Kong Company Limited

China Mobile Hong Kong Company Limited ("CMHK") is the wholly-owned subsidiary of China Mobile Limited (HKEx: 941) (NYSE: CHL), which ranks 55 on the Fortune Global 500. CMHK was incepted in January 1997 and was the first mobile network operator to launch PCS services in Hong Kong.

CMHK's 4G LTE service covers two major standards LTE FDD and TD-LTE, and launched the world's first converged commercial LTE network in 2012 and in November 2016, CMHK has successfully launched 4.5G mobile network. The Company offers innovative and comprehensive communications services, including voice, data, IDD and international roaming through 4G LTE, 3GHSPA, GPRS, EDGE and other technologies. In 2016, CMHK became the first mobile operator* to provide 4G network coverage in 16 tunnels throughout Hong Kong. The Company has ranked first^# in the number of 4G data roaming coverage destinations among all the mobile network operators in Hong Kong, offering one-stop communication services in more than 100 destinations worldwide.

CMHK is committed to extending its business in the multimedia value-added services market. In 2012, the Company launched UTV mobile TV service. In 2013, CMHK launched Mobius e-book service, innovative and simple mechanism 4G Pro tariff plan and 2cm (2nd exchange market), the first-ever data trading platform in the market, making data more valuable than ever.

With the strong support of its parent company China Mobile, CMHK has launched a series of cross-border mobile services for customers travelling between Hong Kong, China and around the world. Its "1-Card-Multi-Number" (1CMN), Multi-SIM data sharing, Data Roaming Zone and BlackBerry service plans are especially welcomed by frequent travellers. In May 2014, CMHK became the first service provider in Hong Kong to provide 4G data roaming service in Mainland China, creating a new era for cross-border mobile services.

The Company has been named as a "Caring Company" since 2002, and a recognized merchant under the "Quality Tourism Service" scheme since 2004.

For more information, please visit: www.hk.chinamobile.com

Photo - http://photos.prnasia.com/prnh/20170117/8521700273