BOC Financial Commerce is a joint venture between the Bank of China Head Office and Hong Kong BOC Credit Card (International) Co., Ltd., and is not a wholly-owned subsidiary of Bank of China;
At present, the operators of major banks are generally Labor dispatch is done by third-party companies, which are generally not staffed by banks.
In 1912, with the approval of Dr. Sun Yat-sen, the Bank of China was established in Shanghai.
From 1912 to 1928, the Bank of China performed the functions of the central bank and was responsible for acting as an agent for the national treasury, accepting remittances of public funds, and issuing banknotes.
From 1928 to 1942, the Bank of China, as an international exchange bank chartered by the government, actively drew on advanced international experience to reform management mechanisms, and took the lead in the Chinese financial industry to enter the international market. It successively established banks in London, Singapore, New York and other international financial institutions. A branch was established in the center.
From 1942 to 1949, the Bank of China, as a professional bank for international trade, was responsible for the government's collection and payment of foreign funds, developing foreign trade and handling related loans and investments.
After 1949, Bank of China has long been a national foreign exchange and foreign trade professional bank, unified management of national foreign exchange, international trade settlement, overseas remittances and other non-trade foreign exchange businesses, and strong support for foreign trade development and economic construction. Since the reform and opening up, the Bank of China has firmly seized the historical opportunity for the country to use foreign funds and advanced technology to accelerate economic construction, fully leveraged its unique advantages in long-term foreign exchange business, and became the main channel for the country to utilize foreign investment.
Subsidiaries
Bank of China International
Bank of China International Holdings Limited ("BOCI") is a wholly-owned investment banking institution affiliated to Bank of China. The main platform for Bank of China to carry out investment banking business. BOC International was registered in Hong Kong on July 10, 1998. Its predecessor was China Construction Finance (Hong Kong) Co., Ltd. founded in 1979.
BoC Investment
BoC Group Investment Co., Ltd. (referred to as "BoC Investment") is a wholly-owned subsidiary of Bank of China registered in Hong Kong in December 1984.
BOC Fund Management Co., Ltd. (hereinafter referred to as "BOC Fund") is a joint venture between Bank of China and BlackRock Investment Management Co., Ltd. (hereinafter referred to as BlackRock). A Sino-foreign joint venture fund management company jointly established by well-known leading financial brands, it is committed to long-term participation in the development of China's fund industry and strives to become a leading domestic fund management company.
BOC Insurance
BOC Insurance Co., Ltd. ("BOC Insurance") is a national property insurance company approved by the China Banking and Insurance Regulatory Commission. The company was established on January 5, 2005. , headquartered in Beijing. The company mainly operates property damage insurance, liability insurance, credit insurance and guarantee insurance, short-term health insurance and accident insurance, as well as other businesses approved by the China Insurance Regulatory Commission.
BOC Aviation
BOC Aviation Pte Ltd ("BOC Aviation") is a leading aircraft leasing company headquartered in Asia, with a fleet of new aircraft. Customers include more than 30 airlines around the world. BOC Aviation has one of the youngest fleets in the industry, with an average aircraft age of only 3.9 years.
BOC Consumer Finance
BOC Consumer Finance Co., Ltd. ("BOC Consumer") was established in June 2010. It is one of the first consumer finance companies in the country approved by the China Banking and Insurance Regulatory Commission. One, is a subsidiary of Bank of China and the first consumer finance company in Shanghai. Headquartered in Shanghai, it has first-level regional centers in 27 provinces, municipalities and autonomous regions (including municipalities directly under the Central Government), and its inclusive financial services cover the entire country.
BOC Financial Commerce
BOC Financial Commerce Co., Ltd. ("BOC Commerce") was established in November 2007 and is a wholly-owned subsidiary of Bank of China.
Bank of China (Hong Kong) Ltd.
Bank of China (Hong Kong) Limited (referred to as "BOC Hong Kong") is the main asset of Bank of China Hong Kong (Holdings) Limited (HKEx: 2388) , is also the second largest commercial banking group in Hong Kong (in terms of assets and deposits), with more than 300 branches in Hong Kong.