
Founded in 1912, a large state-owned bank managed by the central government, one of the world's top 500 companies, performs the functions of a central bank, and is responsible for acting as an agent for the national treasury, undertaking public funds, and issuing banknotes
In February 1912, with the approval of Dr. Sun Yat-sen, the Bank of China was formally established. From 1912 to 1949, the Bank of China successively exercised the functions of the central bank, the international exchange bank and the international trade bank, adhered to the mission of serving the people and revitalizing the national finance. Since 1949, Bank of China has been a national foreign exchange and foreign trade bank for a long time, operating and managing the country's foreign exchange in a unified manner, carrying out international trade settlement, overseas Chinese remittance and other non-trade foreign exchange business, and vigorously supporting the development of foreign trade and economic construction. Since the beginning of reform and opening up, Bank of China has firmly grasped the historical opportunity of the state to speed up economic construction with foreign capital and advanced technology, and has given full play to its unique advantages in long-term foreign exchange business, thus becoming the main channel for the state to use foreign capital. In 1994, Bank of China was transformed into a wholly state-owned commercial bank. In August 2004, Bank of China Limited was established. In June and July 2006, Bank of China was successfully listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange, becoming the first Chinese commercial bank to be listed on the "A H" issue in China. In 2016, Bank of China was once again selected as a global systemically important bank, becoming the only financial institution among emerging market economies to be selected for six consecutive years.
Bank of China is the most international and diversified bank in China, providing customers with comprehensive financial services in Chinese mainland and 53 countries and regions as of the end of 2017. It is mainly engaged in commercial banking business, including corporate finance business, personal finance business and financial market business, and carries out investment banking business through its wholly-owned subsidiary, Bank of China International Holdings Limited, insurance business through its wholly-owned subsidiaries, Bank of China Group Insurance Co., Ltd. and Bank of China Insurance Co., Ltd., direct investment and investment management business through its wholly-owned subsidiary, Bank of China Group Investment Co., Ltd., and fund management business through holding Bank of China Fund Management Co., Ltd. Operates aircraft leasing business through a controlling stake in BOC Aviation Limited.
In the course of more than 100 years of development, Bank of China has always adhered to the spirit of pursuing excellence, taking patriotism and love for the people as the soul of running the bank, the supremacy of integrity as the foundation of the bank, the reform and innovation as the forced road, and the people-oriented as the foundation of the bank, and has established an excellent brand image, which has been widely recognized and praised by the industry and customers. In the face of new historical opportunities, Bank of China will actively assume its social responsibilities, strive to be the best bank, and make new and greater contributions to the realization of the Chinese dream of the great rejuvenation of the Chinese nation.