Bank of China

Office address: Level 19, 66 Wyndham Street, Auckland CBD 1010 
Website: bankofchina.com/nz/en/ 
Year established: 2014 
Company type: banking 
Employees: 130+ 
Expertise: retail banking, business banking, home loans, investment property finance, trade finance, international remittance, refinancing solutions, revolving credit facilities, financial advice for retail customers 
Parent company: Bank of China Limited 
Key people: Warren Hu (CEO); David Zheng, Monique Dalton, Trevor Chua, Phillip McGivern, Justin Cotter and Stephanie Wang (directors) 
Financing status: corporation backed or acquired 

Bank of China New Zealand (BOCNZ) is a registered bank based in Auckland, with a branch in Christchurch. The firm is a global financial leader and has over 130 local staff as of 2025. It is known for serving local and international clients, especially those with Asia-Pacific ties. BOCNZ offers a wide range of banking services and aims to be New Zealand’s top global bank.  

For clarity, all mentions of Bank of China in this profile refer to its New Zealand operations, unless the parent company is named directly. 

History of Bank of China 

Bank of China (New Zealand) Limited started its story in Auckland in late 2014. It arrived as a branch of Bank of China, the parent company, which is a financial giant with a long legacy that began in 1912. The New Zealand team set out to offer banking services that connect local customers with global opportunities. 

BOCNZ’s local presence 

The bank quickly became part of the community as it grew its staff and opened a second office in Christchurch in 2021. This move marked a milestone, as it was the first time a Chinese bank set up shop in the South Island. According to the team, it has always focused on helping both individuals and businesses reach their goals. 

Backing big projects 

In recent years, Bank of China has been involved in some major projects. In 2023, it helped fund new infrastructure through a partnership with Crown Infrastructure Partners. This support made it possible for local councils to upgrade public spaces and build new facilities. 

Driving change for the future 

The bank has also shown a strong commitment to sustainability. In 2024, it offered a large credit line to a local energy company focused on renewable power.  

And in that same year, Bank of China relocated its Auckland office to support its ongoing growth and expansion. These actions highlight the bank’s focus on supporting both environmental progress and long-term business development in New Zealand. 

Bank of China products and services 

Bank of China NZ offers lending solutions for different types of home buyers and property investors. The bank also supports those looking to refinance or explore new lending options. Here are the main products and services available: 

Home loan products 

• floating rate home loan: interest rate moves with the market, flexible repayments allowed 
• fixed rate home loan: interest rate stays the same for a set period, fixed monthly repayments 
• Plus home loan: revolving credit facility, pay interest only on the amount used, no monthly account fee 

Repayment options 

• principal and interest repayments: pay back both the loan amount and interest each month 
• interest only repayments: pay only the interest for a set period, principal repaid later 

With bilingual staff, customers can expect clear support throughout the process. Bank of China aims to make home ownership more accessible for a wide range of customers. The bank’s lending team helps clients find solutions that fit their needs and goals. 

Company culture and values 

Bank of China New Zealand highlights its global roots and local achievements. Its stated values include: 

• excellent service 
• prudent innovation 
• openness and inclusiveness 
• collaboration and growth 

The team states that it values both global success and building a strong local future together. Employees enjoy a range of benefits, including: 

• health and wellbeing: medical cover, EAP, flu shots, family benefits 
• professional development: study leave, learning platform and tailored training fund  
• community involvement: paid volunteer leave to support local causes 
• inclusive culture: diversity, recognition program, sports, Friday teas and staff events 
• cultural celebrations: festival bonuses and events for NZ and Chinese holidays 

Bank of China aims to provide a dynamic workplace with strong career opportunities. Staff are said to be encouraged to grow as the bank continues to build its future in New Zealand. 

About CEO Warren Hu and key people 

Warren Hu (Hu Beihai) has led Bank of China New Zealand as CEO since 2022. Earlier, he launched and managed the Mumbai branch after years in Singapore. He first joined Bank of China in 1993 and has nearly three decades of experience. 

Below are the senior management team that leads Bank of China's NZ operations: 

• David Zheng is director of transactional banking and draws on experience from KVB Global Markets and Shanghai Linjiang Property Group 
• Monique Dalton leads corporate and institutional banking - utilities and infrastructure and was previously country head at HSBC New Zealand 
• Trevor Chua is director of structured and project finance and helps corporate clients with tailored project financing solutions 
• Phillip McGivern serves as director of corporate banking and has over 30 years of banking experience in New Zealand 
• Justin (Manahi) Cotter is director of food, beverage and agri, bringing proven leadership and business development skills from ANZ 
• Stephanie Wang is director of financial institutions and has worked at BOCNZ for over eight years, after starting at ACCA Beijing 

This leadership group combines local insight with global reach to support customers nationwide. Their expertise helps New Zealand businesses and individuals access opportunities both here and overseas. 

The future at Bank of China 

Bank of China, represented by NZ CEO Warren Hu at the 2025 China Business Summit, championed the benefits of overseas investment. It encouraged bringing global resources into New Zealand, especially for major infrastructure projects. By taking this approach, BOCNZ and its clients can access more opportunities and help drive the country’s economic growth. 

BOCNZ also played a key role in supporting trade between New Zealand and China in 2025. It helped major exporters like Zespri with corporate financing, supply chain management and RMB settlement. This made cross-border business easier. The bank is helping its clients grow in China and setting the stage for future trade success by building strong partnerships and offering round-the-clock financial services.