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Bank of China Limited

Bank of China Co., Ltd.
Native name
 中国银行股份有限公司
Public company
Traded as : (A share)
: 3988 (H share)
OTC Pink:
ISIN CNE1000001Z5
Industry Banking
Financial services
Founded Beijing, China
(1912; 105 years ago (1912))
Headquarters Beijing, China
Area served
 Worldwide
Key people
 Chen Siqing, President and Chairman of the board
Products Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management
Increase CN¥407.51 billion (2013)
Increase CN¥211.68 billion (2013)
Total assets Increase CN¥16.793 trillion (2013)
Owner Government of China
Number of employees
 310,042 (2016)
Subsidiaries
Website www.boc.cn (in Chinese)
Bank of China
Simplified Chinese 中国银行
Traditional Chinese 中國銀行
Alternative Chinese name
Simplified Chinese 中银
Traditional Chinese 中銀
Second alternative Chinese name
Chinese 中行

Not to be confused with the People's Bank of China (the central bank of the People's Republic of China)

Bank of China (simplified Chinese: 中国银行; traditional Chinese: 中國銀行; pinyin: ; often abbreviated as 中銀 (in Hong Kong) or 中行 (in mainland)) is one of the 5 biggest state-owned commercial banks in China.

It was founded in 1912 by the Republican government to replace the Daqing Bank. It is the oldest bank in mainland China still in existence. From its establishment until 1942, it issued banknotes on behalf of the Government along with the "Big Four" banks of the period: the Farmers Bank of China, Bank of Communications and Central Bank of the Republic of China. Its headquarters are in Xicheng District, Beijing.

As of 31 December 2009, it was the second largest lender in China overall, and the 5th largest bank in the world by market capitalization value.

The Bank of China's history began in 1905, when the Qing government established Daqing Hubu Bank (大清户部銀行) in Beijing, which was in 1908 renamed to Daqing Bank (大清銀行). When the Republic of China was established in 1912, it was further renamed as Bank of China by President Sun Yat-sen's government, adding a new role of the central bank.

After the Chinese Civil War ended in 1949, the Bank of China effectively split into two operations. Part of the bank relocated to Taiwan with the Kuomintang (KMT) government and was privatised in 1971 to become the International Commercial Bank of China (中國國際商業銀行). In 2002, it merged with Chiao Tung Bank (交通銀行) to become the Mega International Commercial Bank. The Mainland operation is the current entity known as the Bank of China.


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