According to a report in China Daily on February 26
Frankfurt, Germany – The Bank of China (BOC), the leading Chinese bank in Germany, is further expanding its financial services to support bilateral economic cooperation and global business development. With the largest branch network and comprehensive financial offerings in Germany, BOC plays a key role in facilitating investment, trade, and cross-border operations between China and Europe.
BOC’s Frankfurt Branch, established in 1989 and serving as the bank’s German headquarters, now spans major cities including Hamburg, Dusseldorf, Berlin, and Munich. The branch provides credit and financial services to 26 of the 34 companies listed on Germany’s DAX Index, and to 24 of the 26 German-funded Fortune Global 500 companies. It also serves hundreds of Chinese enterprises operating across Germany and Europe.
In February 2026, Frankfurt Branch launched a comprehensive financial service plan, upgrading 36 services across eight areas including specialized financing, international settlement, and secure clearing, offering clients integrated full-spectrum solutions to support global expansion.
Advancing RMB Internationalization
BOC Frankfurt Branch has been the eurozone’s first RMB clearing bank since 2014, processing an average of 2.27 trillion yuan ($328.58 billion) annually in RMB settlements over the past three years. The branch has supported leading German corporations such as Mercedes-Benz, BMW, Volkswagen, Bayer, BASF, and Deutsche Bank in issuing panda bonds totaling over 160 billion yuan, and in 2024, launched the world’s first RMB-denominated SGS bond linked to sustainability, green, and social responsibility projects.
These initiatives highlight Germany’s growing role as a hub for RMB-denominated international finance and the strengthening of China’s currency presence in Europe.
People-to-People and Cultural Engagement
Beyond corporate banking, BOC Frankfurt Branch actively engages in cultural and people-to-people exchanges. As chair institution of the Chinese Chamber of Commerce in Germany, it organizes events like the German-Chinese City Summit and the U16 Football Tournament, fostering closer bilateral relations and cultural understanding. The branch also provides retail banking services to individuals participating in cross-border business and exchange programs.
With Germany’s Chancellor Friedrich Merz visiting China, high-level bilateral exchanges are expected to further unlock opportunities in finance, technology, and industrial cooperation. BOC reaffirmed its commitment to supporting major national strategies, providing comprehensive financial services, and promoting stable and sustainable China-Germany economic and trade ties.