New York, NY (April 14, 2020) – Bank of China (BOC) U.S.A.
announced today it is donating the first of multiple shipments of surgical
masks and surgical gloves to help alleviate the shortage of necessary personal
protective equipment (PPE) for health care workers, front-line responders and
other essential personnel in the New York City Metropolitan area battling the
COVID-19 pandemic.
BOC U.S.A. has a longstanding and
unwavering commitment to supporting local community initiatives, and our
initial donation of PPE consists of 120,000 masks and 12,000 gloves that just
arrived from China and is being distributed to several local hospitals, senior
care facilities, the New York City Police Department (NYPD), the New York City
Department of Sanitation (DSNY), and the US Postal Service, to help meet their
critical needs.
Congresswoman Grace Meng (D-NY) thanked
BOC U.S.A. for its generous donation and added “The donation of the PPE is much
appreciated during this time of crisis in New York City and America. The COVID-19 pandemic continues to wreak
havoc on our city and nation, and this donation of supplies will be a welcome
help in our efforts to combat it."
In addition, BOC U.S.A is reaching out to
the Governors’ Offices of states hardest hit by this crisis to offer financing
and other support for quickly obtaining respirators and other vital medical and
PPE equipment from China.
Chen Xu, President and Chief Executive
Officer of BOC U.S.A commented, “our global mission is guided by and begins
with our commitment to the communities in which we live and serve. When this
global health crisis first started to manifest itself in the U.S., we
immediately began to procure PPE and to offer our resources to help combat the
effects of this horrific virus. We are
proud to be an important part of the U.S. financial community and to have
played a role in the economic growth of the New York State and New York City
financial communities over the past four decades. We are pleased that we can provide some
support to the frontline workers as they work tirelessly to quell this
devastating health crisis. We are and
will remain forever grateful for their hard work and remarkable dedication.”
BOC U.S.A. is also providing additional
financing to U.S. clients manufacturing desperately needed ventilators and other
medical supplies to ensure these essential operations continue. Furthermore, BOC U.S.A is mindful of the
financial impact the crisis has had on our customers, and we are providing much
needed relief, including waiving fees and deferring loan payments where
possible. Through its corporate social responsibility programs, BOC U.S.A. is
also increasing its donations to local hospitals and foundations, such as New
York Presbyterian Hospital and Robin Hood, which are helping some of the
hardest hit communities in the New York City metropolitan area.
Since reestablishing operations in the
United States in 1981, BOC U.S.A has fully supported the U.S. financial system
and economy, redoubling those efforts at times of crisis. During the 2008
financial crisis, BOC U.S.A. expanded its lending to the U.S. real estate
market and increased its staff to meet the increased demands of our customer
base. We are well positioned to take
similar action to address the COVID-19 pandemic impact on the local, national
and international markets.
About Bank of China
BOC U.S.A. is one of the largest banks in
the world, with a footprint that spans over 60 countries and regions. Our long-term outlook, institutional weight
and global breadth provide our clients with a stable and reliable financial
partner, whether in Corporate or Personal Banking or our Trade Services,
Commodities, Financial Institutions and Global Markets business lines.
For further
inquiries, please contact: corporatecommunications@bocusa.com