|Aug 18, 2017|
|Aug 18, 2017|
Currency in HKD
|Full time employees:||308,900|
Bank of China Ltd. engages in the provision of banking and related financial services such as commercial and investment banking and insurance and investment services. The company operates its business through the following segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Others. The Corporate Banking segment offers services to corporate customers, government authorities, and financial institutions such as current accounts, deposits, overdrafts, loans, custody, trade related products and other credit facilities, foreign currency, and derivative products. The Personal Banking segment provides services to retail customers such as current accounts, savings, deposits, investment savings products, credit and debit cards, consumer loans, and mortgages. The Treasury Operations segment deals in foreign exchange transactions, customer-based interest rate and foreign exchange derivative transactions, money market transactions, proprietary trading, and asset and liability management. The Investment Banking segment includes debt and equity underwriting and financial advisory, sales and trading of securities, stock brokerage, investment research and asset management services, and private equity investment services. The Insurance segment specializes in the underwriting of general and life insurance business and insurance agency services. The Others segment comprises investment holding and other miscellaneous activities. The company was founded on February 5, 1912 and is headquartered in Beijing, China.
Bank of China was founded in 1912 as the central bank of the Republic of China by order of Sun Yat-sen, the leader of the 1911 revolution. Since the People's Republic of China was established in 1949, it has served as the sole bank that specializes in foreign exchange transactions. Among four major state-owned banks in China, Bank of China has the largest presence in the country's international banking operations.
The bank is the forefront of the government's efforts to internationalize its currency, the yuan. In Hong Kong, Frankfurt and other financial centers across the globe, the bank functions as clearing house of the currency. The bank is also the issuer of overseas yuan-denominated bonds.
In 2006, Bank of China was listed on Hong Kong Stock Exchange in June and on Shanghai Stock Exchange in July.
Tian Guoli has served as Chairman of the bank since May 2013. His prior positions include vice chairman at Citic Group and assistant executive president at China Construction Bank. In September 2014, Tian announced a program to convert the bank's 58,000 temporary workers to permanent employees. It was a groundbreaking move in the country, where temp workers are becoming major source of manpower.
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- Local currency
- US Dollar
|Income before tax||258,822.22M|
|Dividends per share||0.19|
|Operating cash flow||357,373.65M|
Currency in HKD
|Income before tax||33,342.82M|
|Dividends per share||0.02|
|Operating cash flow||46,038.72M|
Currency in USD
- Vice Chairman & President: Si Qing Chen
- GM-Accounting & Information & EVP: Qingsong Zhang
- Director & Executive Vice President: Ying Xin Gao
- Director & Executive Vice President: De Qi Ren
- Chief Risk Officer: Pan Yuehan
- National Council for Social Security Fund(8.9%)
- The Vanguard Group, Inc.(3.0%)
- Hang Seng Investment Management Ltd.(2.3%)
- BlackRock Fund Advisors(2.0%)
- Norges Bank Investment Management(1.0%)
- State Street Global Advisors Asia Ltd.(1.0%)
- Dimensional Fund Advisors LP(1.0%)
- APG Asset Management NV(0.7%)
- BlackRock Advisors (UK) Ltd.(0.6%)
- BlackRock Investment Management (UK) Ltd.(0.6%)
- Website: http://www.boc.cn
- Address: No. 1 Fuxingmen Nei Dajie, Xicheng District, Beijing, 100818, China
- Phone: +86.10.6659.6688
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