BANK OF CHINA LIMITED(zhong guo yin hang gu fen you xian gong si )

Bank of China Limited

Bank of China (BOC) was formally established on February 5, 1912 with the approval of Dr. Sun Yat Sen. The head office, located at No.1 fuxingmennei street, Beijing, is a large state-owned bank managed by the central government and a national vice ministerial unit. The Bank of China, China's state-owned financial institution under the leadership of the Communist Party of China, is guided by Xi Jinping's socialist ideology with Chinese characteristics in the new era.

Bank of China is the most international and diversified bank in China. The organization covers the mainland of China and 56 countries and regions. In November 2015, Bank of China was selected as a global systemically important bank for five consecutive years. In July 2017, the British banker magazine published the list of the world's top 1000 banks, and Bank of China ranked fourth. In 2018, Fortune 500 ranked 46th. On September 1, 2019, the list of top 500 Chinese service enterprises in 2019 was released in Jinan, and Bank of China Limited ranked sixth.

Basic introduction

From 1912 to 1949, the Bank of China successively performed the functions of the central bank, the international exchange bank and the international trade professional bank. It took serving the public and revitalizing the national finance as its own responsibility. After suffering and hard struggle, it has been in a leading position in the national finance industry for a long time and occupied a place in the international financial industry. Since 1949, the Bank of China has long been a specialized bank in foreign exchange and foreign trade. It has unified the management of foreign exchange, carried out international trade settlement, overseas remittance and other non trade foreign exchange business, and vigorously supported the development of foreign trade and economic construction.

development history

At the beginning of January 1912, the "commercial stock Association" of the Bank of Qing formally wrote to Sun Yat Sen, suggesting that "the original bank of Qing should be changed into the Bank of China, reorganized as the Central Bank of the government.

On February 5, 1912, the Qing government's financial institution in Shanghai, Daqing bank, was changed into the financial institution of the Republic of China government, called Bank of China, by the unanimous petition of all shareholders, approved by the provisional president Sun Yat Sen and the chief financial officer Chen Jintao. It will open on February 5.

On March 13, 1979, the State Council approved and transmitted the people's Bank of China's request for instructions on reforming China's banking system, and decided to expand the authority of the Bank of China; set up the State Administration of foreign exchange to authorize the management of the state's foreign exchange; set up the bank of China from the people's Bank of China, which is directly under the leadership of the State Council and managed by the people's Bank of China.

In 1994 and 1995, the Bank of China became the note issuing bank in Hong Kong and Macao.

On August 26, 2004, Bank of China Limited was established. With the approval of the State Council, the Central Huijin Investment Co., Ltd. holds 100% equity on behalf of the state and exercises the rights and obligations of the investor in accordance with the law.

On December 12, 2018, Bank of China obtained the qualification of the first batch of designated depository banks for comprehensive business of Dalian Mercantile Exchange.

In December 2018, the CIRC approved the Bank of China to set up a financial management subsidiary.

On May 13, 2020, as the first group of initiators, we launched the "digital transformation partnership action" initiative with the national development and Reform Commission and other departments.

Subordinate organizations

By the end of 2017, we have provided comprehensive financial services to customers in the mainland of China and 53 countries and regions. It is mainly engaged in commercial banking business, including corporate financial business, personal financial business and financial market business. It carries out investment banking business through its wholly-owned subsidiary bank of China International Holding Co., Ltd., operates insurance business through its wholly-owned subsidiary bank of China Group Insurance Co., Ltd. and Bank of China Insurance Co., Ltd., and operates direct investment banking business through its wholly-owned subsidiary bank of China Group Investment Co., Ltd Capital and investment management business, fund management business through holding bank of China Fund Management Co., Ltd. and aircraft leasing business through holding bank of China Aviation Leasing Co., Ltd.

Nature of Business

The business scope of the company includes: absorbing RMB deposits; issuing short-term, medium-term and long-term loans; settling accounts; discounting bills; issuing financial bonds; acting as an agent to issue, honor and underwrite government bonds; buying and selling government bonds; engaging in interbank lending; providing letter of credit services and guarantees; acting as an agent to collect and pay funds; providing safe deposit box services; and selling government bonds Foreign exchange deposit; foreign exchange loan; foreign exchange remittance; foreign exchange exchange exchange; international settlement; interbank foreign exchange borrowing; acceptance and discount of foreign exchange bills; foreign exchange borrowing; foreign exchange guarantee; settlement and sale of foreign exchange; issuance and agency of foreign currency securities other than stocks; trading and agency of foreign currency securities other than stocks; proprietary foreign exchange trading; agency of foreign exchange trading; foreign exchange credit card trading Issuing and acting for foreign credit card issuing and payment; credit investigation, consultation and witness business; organizing or participating in syndicated loan; international precious metal trading; overseas branches operating all banking businesses permitted by local laws; branches in Hong Kong and Macao may issue or participate in acting for the issuance of local currency according to local laws; approved by China Banking Regulatory Commission and other regulatory departments Other businesses approved by the Ministry of finance; insurance concurrent Agency (valid until August 21, 2021), etc.

Company honor

On July 10, 2019, the Fortune 500 list was released, and Bank of China Co., Ltd. ranked 13th.

On September 1, 2019, the top 500 Chinese enterprises in 2019 will be released, with Bank of China ranking 10th; the top 500 Chinese service enterprises in 2019 will be released in Jinan, with Bank of China ranking sixth.

On November 19, 2019, the list of Asian financial competitiveness in 2019 was announced, and Bank of China Limited won the "excellent commercial bank in Asia in 2019" award.

On January 11, 2020, "top 500 list of China's corporate social responsibility in 2019" was released, and Bank of China Limited ranked 32nd.

On July 27, 2020, Bank of China Co., Ltd. ranked No. 16 on the Fortune 500 list in 2020.

On September 28, 2020, Bank of China Co., Ltd. ranked ninth in the "top 500 Chinese enterprises 2020", with an operating revenue of 932444 million yuan.

On February 20, 2021, it was listed in the list of central financial enterprises.

Chinese PinYin : Zhong Guo Yin Hang Gu Fen You Xian Gong Si