BMO Financial Group

BMO Financial Group

November 08, 2011 15:17 ET

BMO-Sponsored Booklet Helps Chinese Students Pick a Canadian University

BC Premier Christy Clark Presented With Copy During Visit to Shanghai

SHANGHAI, CHINA--(Marketwire - Nov. 8, 2011) -

Editor's note: There is a photo associated with this press release.

BMO ChinaCo welcomed the Honourable Christy Clark, Premier of British Columbia, to Shanghai to celebrate the publication of the 2nd edition of "Best of Canadian Education," a booklet designed to help Chinese students who wish to attend university in Canada learn about and choose the best schools.

"Best of Canadian Education," developed by the publishers of Hurun Report and sponsored by BMO Financial Group, provides extensive details on Canadian excellence in education and helps readers understand the long term benefits of education in Canada. This year's edition includes a foreword by Premier Clark, who was presented with a copy of the booklet during her official visit to Shanghai.

"With about 50,000 Chinese students currently studying in Canada, this is a must-read for students and parents to help them pick the right university in Canada," said Eunice Wang, Team Leader, Personal Banking Services, Shanghai Branch, BMO ChinaCo. "BMO can help these students with all their banking needs."

BMO in China

BMO is the only Canadian bank with branches in Beijing, Guangzhou, Shanghai and Hong Kong, and was the first Canadian bank permitted to operate in the capital. The Bank also has a representative office in Taipei, Taiwan and an Investment Banking representative office in Beijing.

In October 2010, BMO officially opened its new incorporated subsidiary, Bank of Montreal (China) Co. Ltd. (BMO ChinaCo). With local incorporation, BMO joined a limited number of foreign banks in offering a broad range of financial services to its customers.

In July 2005, BMO's Guangzhou branch became the first Canadian bank location to be granted a license to provide RMB local currency service such as deposits and loans to both foreign and local companies in China, providing greater access to financial services in the country.

In 2010, BMO was named one of the "Most Popular Market Makers in China" by the China Foreign Exchange Trade System (CFETS) for the third consecutive year. This award is determined by popular vote among market makers. As in previous years, BMO was the only foreign bank to have won this award. All other recipients were Chinese banks, including Industrial Bank of China, Bank of China and Bank of Communications. In addition, BMO was again awarded "Best non-USD Market Maker" for the third year running. Of the 29 member banks in the Guangzhou jurisdiction, BMO is the only market maker and the only bank to have won this award.

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