|
|
|
| |
| Additional information |
| |
| Banco Da China Brasil S.A |
| |
| |
Overview:
Bank of China，or Bank of China Limited in full, is one of China’s four state-owned commercial banks. Its businesses cover commercial banking, investment banking and insurance. Members of the group include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions. The Bank provides a comprehensive range of high-quality financial services to individual and corporate customers as well as financial institutions worldwide. In terms of tier one capital, it ranked 18th among the world’s top 1,000 banks by The Banker magazine in 2005.
The Bank is mainly engaged in commercial banking, including corporate and retail banking, treasury business and financial institutions banking. Corporate banking is built upon credit products, to provide customers with personalized and innovative financial services as well as financing and financial solutions. Retail banking serves the financial needs of the Bank’s individual customers, focusing on providing them with such services as savings deposit, consumer credit bankcard and wealth management business. Treasury business includes domestic and foreign-currency trading and investment, fund management, wealth management, value-secured debt business, domestic and overseas financing and other fund operation and management services. Financial institution banking refers to services offered to banks, securities brokerages, fund companies and insurance companies worldwide ranging from clearing, inter-bank lending to agent and custodian services. As a Chinese financial institution with a history of almost a hundred years, the Bank is well known for its continuous business innovations, introducing many brand new products and services in the domestic banking industry, while paying regard to the need for prudence in its operations. It is widely recognized and commended by its peers and customers in international settlement, foreign exchange, trade finance, etc. |
|
 |
|
History:
In 1912
After the establishment of the Provisional Government of the Republic of China, Dr. Sun Yatsen, the Provisional President, sanctioned the change of the Da Qing Bank into the Bank of China, with functions as central bank. On 5 February, the Bank of China (BOC) started operations at Number 3, Hankou Road, Shanghai, the premises of the former Da Qing Bank. Afterwards, the Bank of China issued bank notes.
In 1916
The Government of the Northern Warlords wired to BOC the Order to Suspend Redemption of Bank Notes for Silver. To maintain the Bank's creditworthiness, BOC Shanghai Branch rejected the Order and continued the redemption as usual, which not only halted a run on the Bank, but also enormously enhanced the reputation and prestige of BOC.
In 1928
BOC was changed into a government chartered international exchange bank.
In 1929
BOC London Agency was established, also the first overseas branch of the Chinese banks. From then on, BOC built up its global network with 34 overseas branches opening within the two decades.
In 1949
On 5 June, BOC resumed normal business operations. The Bank became the specialised foreign exchange bank, which actively supported foreign trade and contributed greatly to the recovery and development of the national economy.
In 1950
On 9 April, the first meeting of the first board of directors of BOC since the founding of New China was held in Beijing. Mr. Nan Hanchen was appointed Board Chairman and Madam He Xiangning Chief Supervisor.
In 1984
On 6 November, BOC successfully issued in Japan, 20 billion yen of Samurai bonds, which was the first overseas bond issue by modern China. By the end of 2001, BOC had issued bonds in the international capital market 27 times, raising funds in excess of US$5 billion. BOC is now an established issuer.
In 1993
China initiated a process of foreign exchange system reform and hence captured the world's interest. BOC played a critical role in the unification of exchange rates, foreign exchange purchases and sales, the incorporation of foreign-funded enterprises into the foreign exchange sales system etc. In 1994, BOC embarked on a transformation from a specialised bank to a wider based state-owned commercial bank.
In 1994
On 1 May, BOC became the third note issuing bank in Hong Kong by issuing its first BOC Hong Kong Dollar notes. In October 1995, BOC similarly issued Macau Pataca notes. The issuing of both Hong Kong Dollar and Macau Pataca notes helped stabilise the financial markets of Hong Kong and Macau; it also reflected BOC's substantial financial strength.
In 1998
BOC International Holdings Ltd., the wholly-owned subsidiary of BOC specialising in investment banking, was located and incorporated in Hong Kong. This is the most internationalized investment bank established overseas by the Chinese banking industry, and correspondingly has the strongest professional team, the largest international distribution and retail network, and the most assets under management.
In 2001
On 1 October, Bank of China (Hong Kong) Ltd. was incorporated as a result of the merging of 10 member banks of the former BOC Group, which not only marked a new level of BOC's operations in Hong Kong, but also a critical move forward for the restructuring of BOC.
In 2002
On 4 February, BOC celebrated solemnly its 90th oncoming anniversary.
In July 2002, BOC Hong Kong (Holdings) was successfully listed on the Hong Kong Stock Exchange. The USD2.8 billion offering was over-subscribed by 7.5 times. The deal was a landmark in the development of the Bank of China and a significant move in the reform of China's banking industry. |
|
|
|
|
|
|
|
 |
|
 |
|
|
