"For example, the bank is asked to follow high standards in anti-money laundering, provide new products, and write staff policies and procedures to mitigate the risks of doing business in a foreign land," he said.

How to grasp opportunities and meet the challenge is always the challenge to BOCC.

As of August, 2013, BOCC has maintained zero bad assets and growth of more than 15 percent in profit rate over the last three years.

BOCC also gets involved in promoting economic and trade exchanges between China and Canada by helping local government and communities better understand Chinese culture and change their stereotypes about Chinese enterprises.

A Canadian business delegation was invited by BOCC to visit China during the 2010 Shanghai World Expo. "When they saw the brilliant sight of Pudong lit up at night, they never thought that China could develop to such an incredible stage," said Wang.

Currently, BOCC has aimed to provide financial services to businesses in facilitating their Canada-China trade and investment activities, in particular the Chinese "Go Global" enterprises, corporate and individual customers, local communities, visa students and temporary residents in Canada.

BOCC has also launched programs to help Chinese corporate and individual customers invest and settle in Canada.

According to Wang, BOCC will strive to become the first-choice bank of "Go-Global" Chinese enterprises investing in Canada and the banking partner of Canadian corporations having business ties with China.

Through its branch network in the provinces of Ontario, British Columbia, Alberta and Quebec and its 220 employees across Canada, BOCC's assets had reached to C$1.33 billion as of March 31, 2013.

renali@chinadailyusa.com

(China Daily USA 09/06/2013 page10)