BNP Paribas today announced it will donate RMB 2 million (USD 287,000) to support the fight against novel Coronavirus (2019-nCoV) and purchase much-needed medical supplies for areas in China’s Hubei Province.
Paul Yang, Chairman of BNP Paribas China Ltd, and Head of Corporate & Institutional Banking (CIB) for BNP Paribas in Asia Pacific, said: “We stand ready to help in any way we can to support the authorities in preventing the spread of this new infectious disease. We sincerely thank the courageous medical staff and volunteers who are supporting those in need and helping to resolve this situation for the good of all in China and beyond.”
BNP Paribas will donate RMB 1 million to our existing partner, Shanghai United Foundation, through which funds are being raised to help purchase urgently needed medical supplies for areas in Hubei. A further RMB 700,000 will be directed towards helping medical personnel. In addition, BNP Paribas will donate RMB 300,000 to Beijing Qingyou Social Welfare Development Centre, an existing NGO partner in China, where the bank’s staff are already volunteering to provide assistance sourcing medical supplies.
BNP Paribas’ presence in China dates back to 1860. Today, BNP Paribas provides wholesale banking, financing, market making and advisory services via its fully-owned subsidiary, BNP Paribas China Ltd, headquartered in Shanghai.
This donation comes in addition to the various initiatives already announced by BNP Paribas’ major partners in China, notably Bank of Nanjing, as well as Geely Group, Haitong Securities, and Bank of Beijing.