Bank of China is the abbreviation of Bank of China. Bank of China is a large state-owned bank managed by the central government. It was first established in 1912 and is headquartered in Beijing. It is the only bank in China that has been in continuous operation for more than a century. It ranked 46th among the Fortune Global 500 in 2018.
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Bank of China (BANK OF CHINA, referred to as BOC, Bank of China) was formally established on February 5, 1912, with the approval of Dr. Sun Yat-sen.
The head office is located at No. 1, Fuxingmennei Street, Beijing. It is a large state-owned bank managed by the central government and one of the four major banks in China.
Bank of China is the note-issuing bank in Hong Kong and Macau. Its business scope covers commercial banking, investment banking, insurance and aviation leasing. It owns holding financial institutions such as BOC International, BOC Funds, BOC Insurance, BOC Investment, and BOC Hong Kong.
Provides financial services to individual and corporate clients worldwide.
Bank of China is a domestic bank that has been operating continuously for more than a century. It is also the most globalized and diversified bank in China, with institutions covering mainland China and 51 countries and regions.
Bank of China is mainly engaged in traditional commercial banking business, including corporate financial business, personal financial business and financial market business.
The corporate financial business is based on the bank's core credit products and provides customers with personalized and innovative financial services.
Personal financial business mainly targets the financial needs of individual customers and provides system services based on bank cards.
The financial market business mainly provides comprehensive services such as international exchange, fund clearing, inter-bank lending and custody for other banks, securities companies and insurance companies around the world.
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, it owns Bank of China Group Insurance Co., Ltd. and its six branches, Bank of China Group Life Insurance Co., Ltd., Dongliang Insurance Professional Co., Ltd. and Boyi Investment Co., Ltd. in Hong Kong, BOC Insurance Co., Ltd. in the mainland, and Lianfeng in Macau.
HENG INSURANCE LIMITED.
Established in July 1992, Bank of China Group Insurance Co., Ltd. operates general insurance business in the Hong Kong insurance market. It has a wide range of business types and its business volume has been at the forefront of the local industry for many years.