The 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 in Beijing. It is a large state-owned bank managed by the central government and a national vice-ministerial unit.

China Bank is the only bank in China that has been operating continuously for more than 1 years, and it is also the most internationalized and diversified bank in China. It has institutions all over China Mainland and 61 countries and regions, and has holding financial institutions such as Bank of China International, Bank of China Investment, Bank of China Fund, Bank of China Insurance, Bank of China Aviation Leasing, Bank of China Consumer Finance, Bank of China Financial Business and Bank of China Hong Kong.

In p>218, Bank of China was selected as a global systemically important bank again, becoming the only financial institution in emerging market economies to be selected for eight consecutive years. In July 219, The Banker published the top 1 global banks in 219, and Bank of China ranked fourth.

Extended information:

BOC was fined 5.5 million yuan: The reporter learned from the website of China Banking and Insurance Regulatory Commission, China on December 5 that recently, China Banking and Insurance Regulatory Commission, China, conducted an investigation on the risk incident of "Crude Oil Treasure" products of Bank of China according to law, made an administrative penalty decision on the illegal acts involved, and took corresponding regulatory measures.

China Banking and Insurance Regulatory Commission, China imposed a total fine of 5.5 million yuan on Bank of China and its branches based on facts and taking the law as the criterion; Two general managers of the Global Marketing Department of Bank of China were given a warning and fined 5, yuan, and two related deputy general managers and senior traders of the Global Marketing Department of Bank of China were given a warning and fined 4, yuan.

BOC subsequently issued a response saying that it would resolutely accept the punishment, conscientiously implement relevant regulatory measures, deeply reflect on the problems such as irregular product management, careless risk management, imperfect internal control management, and irregular sales management, draw lessons from others, and seriously hold the responsible personnel accountable according to laws and regulations.

Baidu Encyclopedia-China Bank