Founded in 1908, it is a Fortune 500 company in the world, handling ship/road/postal/telecommunications and other transportation deposits, managing the national treasury/handling foreign funds/issuing exchange coupons/handling domestic foreign exchange and general banking business

Founded in 1908 (the 34th year of Guangxu in the Qing Dynasty), Bank of Communications is one of the oldest banks in China and one of the note-issuing banks in modern China. After the establishment of the Bank of Communications, it handled the deposits of the four major transportation administrations, such as ships, roads, postal services, and telecommunications, and was also entrusted by the government to manage the state treasury, handle foreign funds, issue exchange coupons, and handle domestic foreign exchange and general banking business. Before the liberation of China, the Bank of Communications, along with the Central Bank, the Bank of China, and the Farmers Bank of China, was one of the four major banks in China, and occupied an important position in modern China's financial history. In 1958, the mainland business of Bank of Communications was merged into the local People's Bank of China and the Chinese Construction Bank established on the basis of Bank of Communications, while the Hong Kong branch of Bank of Communications continued to operate.

In 1986, the State Council approved the re-establishment of the Bank of Communications. On April 1, 1987, the reorganized Bank of Communications officially opened for business, becoming the first national state-owned joint-stock commercial bank in China, with its head office in Shanghai. After the reorganization, Bank of Communications, with a dual historical mission, is not only the inheritor of the century-old national financial brand, but also the pioneer of China's financial system reform, and has achieved six "firsts": the first capital source and property rights form to implement the shareholding system; The first to set up institutions according to market principles and cost-benefit principles; It was the first to break the monopoly of the business scope of the financial industry and introduce the competition mechanism into the financial field; It was the first company to introduce asset-liability ratio management, and to standardize business operations and prevent business risks; The first to establish a new type of bank-enterprise relationship with two-way choice; It is the first comprehensive commercial bank that can engage in banking, insurance and securities business.

In 2004, the State Council approved the Overall Plan for Deepening the Shareholding Reform of Bank of Communications. According to the reform plan, in 2004, Bank of Communications completed the financial restructuring with capital increase and share expansion and centralized disposal of non-performing loans as the core content, and was the first of the five major state-owned banks to complete the financial restructuring. In 2004, HSBC was successfully introduced as an overseas strategic investor, and was the first of the five major state-owned banks to successfully introduce foreign capital. In 2005, it successfully issued H shares and was listed on the main board of the Hong Kong Stock Exchange, becoming the first commercial bank in China to issue and list overseas. In 2007, it successfully issued A shares and was listed on the Shanghai Stock Exchange.

Bank of Communications' development strategy is to take the road of internationalization and integration, and build a first-class publicly-owned banking group featuring wealth management (referred to as the "two modernizations and one bank" strategy); The corporate vision is: to build the best wealth management bank in China; The spirit of enterprise is: hard work and enterprising, responsibility and innovation; The mission of the enterprise is: to create common value; The business philosophy is: a bank, a customer; The advertising slogan is: Centennial Bank of Communications - your wealth management bank.

Bank of Communications is one of the major financial service providers in China, with business scope covering commercial banking, securities, trust, financial leasing, fund management, insurance, offshore financial services, etc. As of the end of June 2017, Bank of Communications had 235 domestic branches, including 30 provincial branches, 7 directly affiliated branches and 198 provincial banks, with a total of 3,280 business outlets in 239 prefecture-level cities and above, 163 counties or county-level cities across the country. Its wholly-owned subsidiaries include BOCOM Leasing and BOCOM Insurance, and its holding subsidiaries include BOCOM Guoxin and BOCOM International (stock code: 3329.HK). HK), Bank of Communications Fund, Bank of Communications Life Insurance and Dayi Bank of Communications Xingmin Village Bank, Zhejiang Anji Bank of Communications Village Bank, Xinjiang Shihezi Bank of Communications Village Bank, Qingdao Laoshan Bank of Communications Village Bank. In addition, Bank of Communications is also a member of Jiangsu Changshu Rural Commercial Bank (listing code 601128. SH) and Bank of Tibet are the joint largest shareholder, and have a strategic stake in Hainan Bank.

At present, Bank of Communications has set up 20 branches and representative offices in 16 countries and regions, including Hong Kong Branch, New York Branch, Tokyo Branch, Singapore Branch, Seoul Branch, Frankfurt Branch, Macau Branch, Ho Chi Minh City Branch, San Francisco Branch, Sydney Branch, Taipei Branch, London Branch/UK Branch, Luxembourg Branch/Luxembourg Branch, Brisbane Branch, BOCOM (Luxembourg) Paris Branch, BOCOM (Luxembourg) Rome Branch, BBM Bank of Brazil (BOCOM BBM) and Toronto Representative Office, with a total of 65 overseas business outlets (excluding representative offices).

In 2015, the State Council approved the Bank of Communications Deepening Reform Plan. Focusing on the three key areas of exploring the corporate governance mechanism of large commercial banks, implementing the reform of the internal operating mechanism, and promoting the transformation and innovation of the business model, Bank of Communications has steadily promoted the implementation of deepening reform projects. Over the past year or so, BOCOM has achieved phased results in deepening reform, gradually releasing reform dividends, effectively stimulating transformation momentum, and continuously improving core development indicators.

As a large state-owned banking group with a long history, clear strategy, standardized governance, stable operation and high-quality services, Bank of Communications will always focus on the implementation of national strategies and services to the real economy, continuously promote deepening reform, transformation and development, and strictly govern the party, and strive to provide better services for our customers, create more value for shareholders and make greater contributions to society.