The Bank of China is a state-owned commercial bank, and the People's Bank of China is the central bank of the People's Republic of China. It is a non-profit organization and a national agency that formulates and implements monetary policy under the leadership of the State Council.

The Bank of China must abide by the financial policies formulated by the People's Bank of China. The full name of Bank of China is Bank of China Co., Ltd.

Bank of China Co., Ltd. was established on October 31, 1983. Its business scope includes accepting RMB deposits; issuing short-term, medium-term and long-term loans; handling settlements; handling bill discounts; issuing financial bonds; agency issuance, redemption, and underwriting of government bonds;

Buy and sell government bonds; engage in inter-bank lending, etc.

Bank of China’s overseas investments include Meitan Bank of China Fullerton Rural Bank Co., Ltd., Bank of China Fund Management Co., Ltd., Shandong Tengzhou BOC Fullerton Rural Bank Co., Ltd., Shandong Zhucheng BOC Fullerton Rural Bank Co., Ltd., and Bank of China Co., Ltd.

Shenzhen Taoyuanju Sub-branch, etc.

The companies controlled by Bank of China include BOC Insurance Co., Ltd., BOC Asset Fund Management Co., Ltd., BOC Financial Leasing Co., Ltd., BOC Financial Assets Investment Co., Ltd., Wuchuan BOC Fullerton Rural Bank Co., Ltd., and Chongqing Wushan BOC Fullerton Rural Bank Co., Ltd.

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