China Bank Corporation or Bank of China Limited is one of the 5 biggest state-owned commercial banks in China. It was founded in 1912 by the Republican government to replace the Imperial Bank of China. It is the oldest bank in mainland China still in existence. From its establishment until 1942, it issued banknotes on behalf of the Government along with the "Big Four" banks of the period: the Farmers Bank of China, Bank of Communications and Central Bank of the Republic of China. Its headquarters are in Xicheng District, Beijing.
As of 31 December 2009, it was the second largest lender in China overall, and the 5th largest bank in the world by market capitalization value. As of 30 June 2015, it has the third highest proportion of interest payable of Chinese companies.
|Official Online Investment Launch|
|Official Name: Bank of China, China Bank Corporation (in English) <br>Type: Public company <br>Traded as SEHK: 3988 <br>SSE: 601988 <br>OTC Pink: BACHY <br>Industry: Banking <br>Financial services <br>Founded: Beijing, China (1912; 104 years ago) <br>Headquarters: Beijing, China <br>Area served: Worldwide <br>Key people: Chen Siging, CEO; Tian Guoli, President and Chairman of the board <br>Products: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management <br>Operating income: Increase CN¥407.51 billion (2013) Aprox: USD 60.01 Billion <br>Net income: Increase CN¥211.68 billion (2013) Aprox. USD 31.21 Billion <br>Total assets: Increase CN¥16.793 trillion (2013) Aprox: USD 2.47 trillion <br>Owner: Government of China <br>Number of employees: 305,675 (2013) <br>Website: www.chinacorp-bank.com <br>Online Investment Launch: 29/10/2016 Read more|
|Oct-28-2016 10:16:42 PM|