Bank of China's push for local trade alliance

Online shopping in China has seen an increase in expenditure as a result of rising middle-class incomes.

Twenty Chinese e-commerce companies have been invited to New Zealand to attend the Bank of China's (BOC) 'Building Online Distribution' event to be held on Friday.

The event marks the Bank of China's first anniversary of operations in the country and hopes to secure local trade partnerships with Kiwi businesses.

Bank of China's New Zealand-based chief executive David Wang said China's growing economy offers local businesses the opportunity to participate in a rapidly shifting market.

"By hosting our event we aim to promote New Zealand's products and act as a bridge between China and New Zealand. Attendees will be able to meet face-to-face with Chinese specialists to exchange ideas, experiences and insights, so as to lay the solid foundation with customers, markets, resources and operations in their cooperation."

Wang said the event indicates the Bank of China has entered a new stage of financial services for cross-border e-commerce in New Zealand.

"In order to promote bilateral cooperation and economic and trade development, we hope to strengthen the role of bridge by providing financial services, such as the trade settlement and financing, cross-border RMB business and M&A financing and the third party payment platform."

Online shopping in China is expanding as a result of a rising middle-class incomes.

Event details:

• Friday 27 November 2015.
• ANZ Convention Centre, Auckland.
• Click here to register.