ITFA SEARC MEETING HELD ON 30 JUNE 2017, BANK OF CHINA - SINGAPORE BRANCH

Bank of China Singapore Branch & ITFA are pleased to have jointly hosted the inaugural International Trade and Forfaiting Association (ITFA) Southeast Asia Regional Committee (SEARC) Meeting on 30 June 2017. We hosted a total of over 30 representatives from ITFA members in the Southeast Asia region to witness the inauguration of the new SEARC, comprising of 5 banks, namely Bank of China (Chairperson Bank), HSBC, BNP Paribas, Standard Chartered Bank and ANZ.

This month is coincidentally Bank of China Singapore Branch’s 81st anniversary and we had the honour to host this meeting in Bank of China Singapore Branch. Mr Deng Lei, Bank of China Assistant Country Head, gave an opening speech to welcome all representatives. He hopes to bring together ITFA members in the region to collaborate and grow the trade finance business through forfaiting and trade asset management instruments. As an ITFA SEARC member, Bank of China Singapore Branch hopes to strengthen the collaboration and have the members’ continuous support to ITFA SEA activities.

The meeting concluded with a discussion session led by the new Chairperson, Sophie Zhong. The members discussed the plans for the remainder of 2017. It was a great networking session with all the active ITFA members in the SEA region present.