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Many Bank of China clients have benefited from a special partnership with Immigration New Zealand since an agreement signed two years ago to streamline and simplify tourist visa applications.
The partnership agreement marked the first time Immigration New Zealand had signed a comprehensive cooperation arrangement with a commercial banking institution. Under the agreement, passport holders of the People’s Republic of China who are clients of Bank of China Prestigious Wealth Management or Private Banking no longer need to provide evidence evidence of onward travel from New Zealand or their financial employment status. It has cut visa processing times by at least half, from 15 days to less than 5 days. In the past year, over 50% of the Bank of China clients had their visas approved within one business day.
Pengbo Jiang, Associate Director, The Bank of China (New Zealand) Ltd, said: “Bank of China’s partnership with Immigration New Zealand has boosted our clients’ experiences of overseas study, travelling and investing in New Zealand. It has also enhanced the Bank of China Private Banking and Prestigious Wealth Management brand value, and helped us further implement the Bank of China global wealth management overseas development strategy.”
Andrew Johns, Tourism Sector Relationship Manager, Immigration New Zealand, said:“ Chinese tourist numbers have increased significantly in recent years and that growth is forecast to continue. We look forward to our continued collaboration with Bank of China, which will not only help to attract higher calibre visitors but more importantly, will continue to promote New Zealand as a preferred destination to the world.”
Chinese tourism to further boost NZ profile
With 2019 the China-NZ Year of Tourism, Immigration New Zealand hopes to bring more potential Chinese tourists to the country through a simpler visa application process and working with airlines to open more direct flights.
The expansion of Chinese tourism to New Zealand is supported by The Bank of China (New Zealand) Ltd. The Bank partnered with LGNZ on the NZ-China Mayoral Forum in December last year. A key focus the Forum was trade and investment opportunities in tourism.
Central Otago Mayor Tim Cadogan believed: “There is so much more that Central Otago, and New Zealand, has to offer the Chinese consumer, including a unique tourism experience enjoying great New Zealand landscapes and experiences as well as our shared history. All of this translates into income for our communities and the people in them.”
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