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Bank of China New Zealand Signs Agreement

Bank of China New Zealand Signs Agreement with Immigration New Zealand

20 April, 2016 – Bank of China (New Zealand) Limited welcomes the signing of a partnership arrangement with Immigration New Zealand that will help simplify the visa application processes for its high net worth customers wishing to study, visit and/or invest in New Zealand.

The agreement was yesterday marked by an official signing ceremony in Beijing, involving the Honourable Prime Minister John Key and theVice Chairman of Bank of China Group, Mr Siqing Chen.

Bank of China (NZ) Chief Executive Officer David Lei Wang says the economic value of the New Zealand and China trade relationship is forecast to reach around $30 billion (NZD) by 2020, and agreements like this will help play an important role to realising this opportunity,” he said.

“In addition to supporting New Zealand’s education and tourism industry – the agreement will also enable Bank of China customers’ access to immigration approved investment funds in New Zealand,” Mr Wang said.

ENDS

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