On February 3 local time, Bank of China Chairman Ge Haijiao held a working meeting with Saudi Central Bank Deputy Governor Talal Alhumoud in Riyadh.

Ge Haijiao stated that as China enters its "15th Five-Year Plan" period, the nation's further expansion of opening-up will present fresh developmental opportunities for China-Saudi Arabia cooperation. Bank of China consistently regards the Middle East, particularly Saudi Arabia, as a crucial region for its global development strategy. The bank has already established a relatively comprehensive service network in Saudi Arabia, the UAE, Qatar, Bahrain, and other locations, continuously helping to elevate China-Saudi Arabia economic and trade cooperation to higher levels. Bank of China will continue to use financial strength to deeply align the Belt and Road Initiative with Saudi Arabia's Vision 2030, effectively enhancing service quality and efficiency in areas such as RMB clearing and cross-border investment and financing. While actively assisting Chinese enterprises in investing in Saudi Arabia, the bank will fully support Saudi companies in seizing opportunities within the Chinese market, thereby adding more financial momentum to open new prospects for the China-Saudi Arabia comprehensive strategic partnership.

Alhumoud expressed that China is Saudi Arabia's largest trading partner, with two-way investment growing annually, indicating massive potential and broad prospects for economic and trade cooperation between the two nations. On the occasion of the 10th anniversary of the establishment of the China-Saudi Arabia comprehensive strategic partnership, the Saudi Central Bank will further support the business development of Bank of China in Saudi Arabia. He expressed hope that Bank of China will continue to ensure compliant operations and prudent management, fully leverage its global operational advantages, seize cooperation opportunities in financial markets and fintech, and continuously make new contributions to Saudi Arabia's economic and social development.