Bank of China (Hong Kong) Limited (hereinafter referred to as "Bank of China (Hong Kong)" or "Bank of China Hong Kong"), which belongs to Bank of China, was formally established on October 1, 21, and is a licensed bank registered in Hong Kong. Bank of China (Hong Kong) merged the businesses of 1 banks in the original Bank of China Group's twelve banks in Hong Kong, and at the same time held the equity interests of Nanyang Commercial Bank, chiyu banking corporation limited and Bank of China Credit Card (International) Co., Ltd. registered in Hong Kong, making them subsidiaries of Bank of China Hong Kong. BOC Hong Kong is one of the three note-issuing banks in Hong Kong and one of the rotating chairman banks of the Hong Kong Association of Banks. The restructured BOC Hong Kong was listed in Hong Kong in July 22.
As a century-old brand of China's financial industry, China Bank has been actively enterprising and constantly innovating while operating steadily, creating many firsts in the domestic banking industry, which has been widely recognized and praised by the industry and customers in the fields of international settlement, foreign exchange funds and trade financing.
In the glorious development history of nearly a hundred years, China Bank has played a very important role in the financial history of China. China Bank was approved by Dr. Sun Yat-sen in 1912. During the 37 years since the founding of the People's Republic of China in 1949, China Bank was the national central bank, the international exchange bank and the specialized foreign trade bank. China Bank, based on honesty, takes the revitalization of the national financial industry as its responsibility, expands the market in a difficult and war-torn environment, operates steadily and is determined to reform, showing tenacious entrepreneurial spirit. Its banking business and operating performance have been in the leading position in the industry for a long time, and its branches have been expanded overseas, leaving a glorious chapter in the modern banking history of China.
BOC International Holdings Limited (hereinafter referred to as "BOC International"), a wholly-owned subsidiary of Bank of China, is the operating platform for Bank of China to conduct investment banking business. BOC International has branches in mainland China, Hongkong, China, new york, London and Singapore, with a high-level professional team and a strong institutional sales and retail network. BOC International's global management operation can provide all-round investment banking services including corporate financing, mergers and acquisitions, financial consultancy, fixed income, securities sales, investment research, direct investment and asset management for customers at home and abroad.
Bank of China operates insurance business through its wholly-owned subsidiary Bank of China Group Insurance Co., Ltd. and its subsidiaries and associated companies. Among them, BOC Group Insurance Co., Ltd. and its six branches, BOC Group Life Insurance Co., Ltd., Dongliang Insurance Professional Co., Ltd. and Baoyi Investment Co., Ltd. are owned in Hong Kong, BOC Insurance Co., Ltd. is owned in the Mainland, and Lianfengheng Insurance Co., Ltd. is owned in Macao. Founded in July 1992, BOC Group Insurance Co., Ltd. operates general insurance business in Hong Kong insurance market, with a wide range of business, and its business volume ranks among the top in the local industry for many years.