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Bank of China

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Large, centrally administered state-owned banks
unfoldFour entries with the same name
BANK OF CHINA (BANK OF CHINA) Sun Yat-sen It was officially established on February 5, 1912. Total assets of 31.1 trillion yuan, [190] Head office is located Peking Fuxing Men Nei Street No. 1, is centrally managed large State-owned bank , [138] [144] nation Vice-ministerial level Unit. Bank of China Communist Party of China Under the leadership State-owned financial institution , [1-2] In order to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era For guidance. [3] Bank of China is Hong Kong , Macau Regional banknote issuing bank, the business scope covers commercial banks, investment banks, funds, insurance, aviation leasing, etc. [4-5] [119]
Bank of China is the only bank in China that has continued to operate for more than 100 years, [6] [169] Also China internationalization and diversification The bank with the highest degree. [7] 机构遍及中国内地及64个国家和地区， [8-10] [178] Under the banner of 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, Bank of China Hong Kong And other holding financial institutions. [11] In 2017, the Bank of China became the only "Shuangao Bank" in China. [113] In 2019, Bank of China was once again selected as a global systemically important bank, becoming the only financial institution among emerging market economies to be selected for nine consecutive years. 12 - [13] [114] June 2021," Banker "Announced the 2021 Global Top 1000 banks, Bank of China ranked 4th. [14, 15] [121]
In February 2018, Brand Finance released the 2018 Global Top 500 Brands list, and Bank of China ranked 18th. [16] In December 2018, World Brand Lab Exclusively compiled in 2018 (15th Edition) Top 500 global brands Bank of China ranked 198th in the rankings released in New York. In December 2019, Bank of China was selected for 2019 China brand power ceremony Model 100 brand. [17] On December 18, 2019, People's Daily The China Brand Development Index 100 list was released, and Bank of China ranked 21st. [18] In March 2020, it was ranked 20th among the top 500 global brands in value. 19-20] [ August 2021," wealth Bank of China ranked 39th on the World's top 500 list. [21] [124]
Company name
Bank of China
Foreign name
BANK OF CHINA
industry
finance
Establishment time
February 5, 1912
Headquarters location
Peking 1 Fuxing Men Nei Street
Business scope
Commercial bank , Investment bank , foundation , insurance , Air leasing Etc.
Type of company
Central enterprise (Vice-ministerial level unit)
Annual turnover
618.09 billion yuan [170] (2022)
Number of employees
309,384 people
Strategic objective
To build a world-class modern banking group
Fortune 500
# 39 (2021)
Official website
http://www.boc.cn/
Secretary of the Party Committee
Ge Haigao
Line length
Liu Jin

catalogue

  1. 1Headquarters location
  2. 2Basic introduction
  3. 3Historical development
  4. ▪1912-1995
  5. ▪2003-2021
  6. ▪2024
  7. 4Patent grant
  8. 5Related business
  9. ▪Corporate finance business
  10. ▪Personal financial business
  1. ▪Deposit business
  2. ▪Loan business
  3. ▪Financial business
  4. ▪International settlement and trade finance
  5. ▪Other corporate finance business
  6. ▪Capital business
  7. ▪Financial institution business
  8. ▪Capital and international business
  9. ▪Bill pooling business
  10. 6Current leader
  11. 7Company management
  1. 8Company culture
  2. ▪Strategic objective
  3. ▪Core values
  4. ▪Bank mark
  5. ▪Development orientation
  6. 9Subordinate organization
  7. ▪Bank of China International
  8. ▪Bank of China Investment
  9. ▪Bank of China Fund
  10. ▪Bank of China Insurance
  11. ▪Boc Aviation Leasing
  1. ▪Bank of China Consumer Finance
  2. ▪Bank of China Financial Business
  3. ▪Bank of China Hong Kong
  4. 10Overseas development
  5. 11Honorary achievement
  6. 12Enterprise event
  7. 13Operating condition
  8. 14Social good

Headquarters location

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EDITOR
Bank of China (Head Office Building)

Basic introduction

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EDITOR
In 1912, the Bible Sun Yat-sen Mr. Wang approved the establishment of the Bank of China in Shanghai. [22-23]
From 1912 to 1928, the Bank of China performed Central bank Function, responsible for agency exchequer Acceptance of foreign exchange Public funds , issue Cash Let's wait. [24]
From 1928 to 1942, the Bank of China was chartered by the government International exchange The bank actively draws on the international advanced experience for reform Management mechanism In China's financial sector took the lead in the international market, successively London , Singapore , New York Etc. International financial center Set up a branch. [25]
Bank of China head Office building
From 1942 to 1949, the Bank of China, as a specialized international trade bank, was responsible for the receipt and payment of government funds abroad, the development of foreign trade and the handling of related loans and investments. [26]
Since 1949, the Bank of China, as a specialized national foreign exchange and foreign trade bank, has been operating and managing the state's foreign exchange in a unified manner, carrying out international trade settlement, overseas Chinese remittances and other non-trade foreign exchange business, and vigorously supporting foreign trade development and economic construction. Since the reform and opening up, the Bank of China has firmly seized the historical opportunity of the country to use foreign funds and advanced technology to accelerate economic construction and give full play to long-term operations Foreign exchange business It has become the main channel for the country to utilize foreign capital.

Historical development

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EDITOR

1912-1995

In early January 1912, Bank of Qing Dynasty "Business stock Federation" officially signed Sun Yat-sen It is suggested that "the original Bank of the Qing Dynasty be changed into the Bank of China and reorganized as the government's. Central bank .
In 1912, deputy Superintendent of the Bank of the Qing Dynasty Chen Jintao By the attorney general of the then-government Wu Tingfang Nominated as the Chief financial officer of the provisional government and resident in Shanghai, he began to use the power of the "business and stock Federation" of the Bank of the Qing Dynasty to change the Bank into the Bank of China and establish the central bank of the government. [27]
On January 24, 1912, President Sun Yat-sen ordered the establishment of the Bank of China, the Bank of China came into being. [28]
On January 28, 1912, the "business stock Federation" of the Qing Bank held a general meeting of shareholders, and the general meeting decided to form the interim board of directors and supervisors of the Bank of China, responsible for drafting the charter with the principal and deputy supervisors, and managing the affairs of the whole bank.
On February 5, 1912, the Bank of China was officially opened. [29]
Night view of the Bank of China headquarters building
From 1912 to 1928, the Bank of China became Nanjing Provisional Government and Beiyang government The Central Bank of the Government of the time, exercising the functions of the central bank.
1916, resistance Yuan Shikai Government suspension order to safeguard the credit of the Bank of China.
From 1916 to 1923, the Bank of China spent nearly ten years sorting out the issue of Beijing banknotes.
In 1917, there was a struggle between government and business for leadership of the Bank of China.
In 1927, Wuhan National Government Concentrated cash, Hankou Bank of China suffered heavy losses.
In 1928, an important turning point of Bank of China was reorganized as International exchange The bank.
In 1929, the Bank of China set up the first overseas branch of China's financial industry in London.
From 1930 to 1937, the Bund was built Bank of China Building To compete with foreign banks in Shanghai.
In 1932, he initiated the establishment of the China Credit Investigation Institute and initiated the cause of credit investigation in China.
From 1929 to 1936, the Bank of China opened overseas institutions to expand China's foreign exchange business.
From 1929 to 1936, the loan scale was expanded and transformed Loan structure Support the development of domestic production.
In 1931, China Insurance Company was established to promote the development of insurance business.
In 1932, he calmed the tide of public debt and promoted the consolidation of public debt.
From 1933 to 1935, the world silver market was in turmoil, and the Bank of China tried to prevent the outflow of silver.
In 1932-1933, the Bank of China initiated the initiative Scrap the two and change the yuan , active participation Currency reform Work.
In April 1935, the Nationalist government revised the Regulations on the Bank of China again, trying to monopolize finance by forcing the Bank of China to reorganize, resulting in the actual control of the Bank of China Four great families It became a tool for bureaucratic capitalism to accumulate wealth.
In 1939, the Nanjing Government was established Four united General Office Adjust the four-line division of labor.
From 1938 to 1942, the government strengthened the distribution of banknotes to supply the needs of the Anti-Japanese War.
From 1939 to 1941, he balanced the Shanghai foreign exchange market and fully maintained the exchange rate.
From 1939 to 1943, he persisted in the currency struggle and resisted the Japanese pseudo financial aggression.
From 1939 to 1945, he worked hard to obtain remittances from overseas Chinese and actively supported the Anti-Japanese War.
In 1942, the Bank of China became a professional bank for the development of international trade.
1946-1949, "grain rice hundred yuan" -- hyperinflation This has serious implications for Chinese banks.
Bank of China
From 1947 to 1948, the Nanjing government ordered the transfer of foreign exchange, and the Bank of China was forced to resist without success.
In 1949, People's Republic of China The new Chinese government took over the Bank of China, and in December of the same year the general administration of the Bank of China was moved from Shanghai to Beijing.
In 1949, Military Control Commission of the People's Liberation Army Take over the Bank of China. The former General Administration Office was moved to Taiwan with the Republic of China Government and reopened in Taiwan in 1960.
From 1949 to 1952, it undertook foreign exchange management and became a specialized foreign exchange Bank of China.
1949-1950: Actively stabilized financial prices and promoted National economy Recover.
In January 1950, Zhou Enlai The prime minister issued an order to Chinese agencies stationed in Hong Kong to protect state assets and await their takeover.
In April 1950, the General Management Office of the Bank of China was established People's Bank of China Head office leader.
1950-1952 Anti-blockade, anti-embargo, anti-freeze, promote the development of foreign trade.
On October 27, 1953, the Government Administration Council of the Central People's Government promulgated the Regulations on the Bank of China, clarifying the conduct of the Bank of China Central Government of the People's Republic of China A foreign exchange bank chartered by the Government Administration Council.
From 1964 to 1976, it strengthened the use of foreign exchange funds to support the construction of ocean shipping fleets.
From 1968 to 1976, RMB valuation and settlement were used on a trial basis to maintain the value of export receipts. In 1973, the research work was strengthened and completed on time Chen Yun Ten research topics arranged by comrades.
In 1978, in line with the needs of reform and opening up, the first credit card in China was created.
On March 13, 1979, The State Council Approved the People's Bank of China's "Request for Instructions on Reforming the Banking System of China", decided to expand the authority of the Bank of China, directly under the leadership of The State Council, under the custody of the People's Bank of China. The State Administration of Foreign Exchange was established to authorize the administration of the state's foreign exchange, the Bank of China was separated from the People's Bank of China, the General Administration Office of the Bank of China was changed to the head Office of the Bank of China, and at the same time exercised the functions of the State Administration of Foreign Exchange, and was responsible for the unified operation and centralized management of the national foreign exchange business. [30]
In 1979, China and the United States resolved the issue of frozen assets and promoted the development of Sino-US financial cooperation.
Head office of the Bank of China
From 1979 to 1980, the Bank of China carried out structural reform and the State Administration of Foreign Exchange was established. recover International financial organization Legal seat to support domestic economic and cultural construction.
From 1979 to 1989, foreign exchange management was strengthened and issued Foreign exchange certificate .
1979-1992, increasing the utilization and issuance of foreign capital International bond .
From 1987 to 1992, the Bank of China acquired Hong Kong dollar , pataca The issuance right is conducive to the economic prosperity and stability of Hong Kong and Macao. [31]
In 1994, the foreign exchange management system was reformed, and the State foreign exchange was managed by the State Administration of Foreign Exchange, and the Bank of China began to transform from a specialized foreign exchange and foreign trade bank into a state-owned commercial bank.
In 1994, Bank of China became a wholly state-owned commercial bank. It mainly operates commercial banking business, including corporate finance business, personal finance business and financial market business, and provides services to individual and corporate customers worldwide Financial service . [33] 32 -
In 1994 and 1995, the Bank of China successively became Hong Kong Region, Macau Regional banknote issuing bank. [34]

2003-2021

In 2003, the state chose the Bank of China as its choice Wholly state-owned commercial bank Shareholding reform One of the two pilot banks, and use $45 billion of the country's foreign exchange reserves to replenish the capital of the two banks. The Bank of China will further improve its corporate governance mechanism, strengthen risk management and internal control system construction, integrate management processes and business processes, promote human resource management reform, and accelerate product and service innovation.
On July 14, 2004, the Bank of China became Beijing Olympic Games The only banking partner. [35]
On July 22, 2004, the Bank of China launched the first Olympics-themed financial product, the Great Wall VISA Euro Card Athens Olympic Games Rare edition, support the Chinese sports delegation to Athens.
On August 23, 2004, the Bank of China held a celebration reception for Chinese Olympic athletes at the Chinese Embassy in Greece.
On August 26, 2004, Bank of China Limited Established. the The State Council Approved, Central Huijin Investment limited liability company On behalf of the state, it holds 100% of the equity and exercises the rights and obligations of investors according to law. [36]
February 22, 2005, Bank of China as the sole distributor of the" Beijing Olympic gold Medal The financial institutions successfully issued the first group of "Beijing Olympic Gold" natural series products in Beijing.
On June 1, 2006 and July 5, 2006, Bank of China Corporation Limited (BOC) made a joint statement Hong Kong Stock Exchange and Shanghai Stock Exchange Successful listing, open a new chapter in the century-long history.
Bank of China and the Beijing 2008 Olympic Games
On December 30, 2008, the world's authoritative brand value research institution -- World brand Value Laboratory In the "2008 World Brand Value Lab Annual Award" selection activity, Bank of China won the "China's Most Competitive Brand" award with good brand impression and brand vitality.
In 2009, the Bank of China in the United Kingdom" Banker "The World's 1000 Largest Banks" magazine ranked eleventh.
In 2009, the "China's 25 Most Respected Listed Companies All-Star List" better reflects the competitive environment faced by Chinese listed companies. The survey involved 457 candidates in 17 industries. Bank of China made the star list for its good reputation.
In 2010, in" Buffett Magazine "," World Economist Weekly In the "Buffett Magazine Annual Financial Award" jointly held by "Buffett Magazine" and the World Enterprise Competitiveness Lab, Bank of China Limited was successfully shortlisted in the "2010 (7th) China's 25 Most Investable Listed Companies", ranking 7th.
In 2011, the Financial Stability Board, an international financial supervision and advisory body, released a list of 29 banks with systemic influence in the world in Cannes, France, and Bank of China became the only institution in China and even emerging economies and regions to be selected.
On September 23, 2011, Bank of China launched its first overseas commodity financing center in Singapore. Vice President, Bank of China Yue Yi Bank of China is the first Chinese bank to establish a regional center for commodity financing and a regional center for Forfaiting outside China. With the development of trade in the Asia-Pacific region, especially between China and Southeast Asia, the trade financing business of Chinese banks is also developing rapidly, and the Bank of China, which has been operating in Singapore since 1936, also ushered in new development opportunities. As of 2013, BOC has 7 branches in Singapore. Bank of China Singapore branch also on the same day Sinopec Its subsidiary UniPEC signed an agreement to carry out commodity trade finance. Ambassador of China to Singapore Wei Wei And Singapore International Enterprise Development Bureau Assistant Director Li XiuTing attended the day's listing and signing ceremony. 37 - [38]
Bank of China special stamps
In 2012, the Bank of China celebrated its centenary on February 12, 2012 State Post Bureau A set of two special stamps of "Bank of China" was issued.
In July 2012, World Brand Lab The 2012 "China 500 Most Valuable Brands" ranking results were released, and Bank of China ranked 10th with a brand value of 88.516 billion yuan, ranking second in the banking industry. [39]
In 2013, the Bank of China and Uganda DFCU Bank cooperates in the Ugandan capital Kampala The China Business Counter was opened to provide financial services and advisory services to enterprises to adapt to the rapid development of bilateral trade and investment business between the two countries. This is the sixth China business counter set up by Bank of China overseas. [40]
July 2013, UK Banker The Banker magazine has released its 2013 ranking of the World's 1000 Largest Banks, placing it at No. 9, the same as it did in 2012.
On November 12, 2014, Bank of China and Germany's No Commerzbank Sign the agreement, and later you can directly from Frankfurt Provide RMB payment for customers. [41]
From April 1, 2016 to the end of the year, the Bank of China personal online banking for the first time opened domestic RMB transfers free of charge, fully benefiting customers. Since then, individual customers can enjoy zero handling fees for domestic RMB transfer and remittance through mobile banking and online banking of Bank of China, whether it is intra-bank remittance or inter-bank remittance.
On June 30, 2016, British magazine The Banker published the" Ranking of the world's 1000 largest banks The Bank of China ranks fourth in the world.
In August 2016, Bank of China ranked 8th among the top 500 Chinese enterprises in 2016. [42]
In February 2017, Brand Finance released the 2017 Global Top 500 Brands list, and Bank of China ranked 29th.
In June 2017, the BrandZ Top 100 Most Valuable Global Brands 2017 was released, and Bank of China ranked 94th.
Bank of China and the Beijing 2022 Winter Olympics
On July 13, 2017, the Bank of China and Beijing Winter Olympic Organizing Committee A signing ceremony was held for the Bank of China to become the official banking partner of the Beijing 2022 Olympic and Paralympic Winter Games. [44] 43 -
July 20, 2017," wealth The Bank of China ranked 42nd in the latest World's top 500 list.
In September 2017, Bank of China ranked 10th in the 2017 Top 500 Chinese Enterprises list. [45]
On April 22, 2018, the list of the world's most profitable companies in 2017 was released, and Bank of China ranked 10th. [46]
On May 9, 2018, the "2018 China Top 100 Brand Value List" was released, and Bank of China ranked 11th. [47]
In July 2018, the British "Banker" magazine published the "World's 1000 largest banks list", and Bank of China ranked third. [48]
In July 2018, the Fortune Global 500 ranked No. 46. [49 and 50]
On December 12, 2018, Bank of China was granted the qualification of the first batch of designated depositary banks for comprehensive business. [51]
In December 2018, the China Banking and Insurance Regulatory Commission approved the establishment of a wealth management subsidiary of the Bank of China. [52]
On April 17, 2019, the Bank of China Japan RMB Clearing Bank opened in Tokyo, marking the official launch of the RMB clearing business in Japan. [53]
On July 22, 2019, the Fortune Global 500 list was released, and Bank of China ranked 44th. [54]
In November 2019, it ranked 9th on the "Belt and Road" Top 100 Chinese Enterprises list. [55]
In December 2019, the Bank of China released the 2020 White Paper on Global Asset Allocation in Personal Finance. [56]
In June 2020, Bank of China became The 127th Canton Fair Strategic partner. [57]
On October 11, 2020, the Bank of China will carry out a system upgrade. At that time, online banking and mobile banking services for corporate customers will be suspended, and personal online banking, personal mobile banking and wechat banking services will also be suspended. [58]
On June 21, 2021, State Intellectual Property Office Signed a strategic cooperation agreement with the Bank of China to comprehensively strengthen intellectual property financial cooperation. [122]
In October 2021, it was assessed as a domestic systemically important bank. [127]
On December 12, 2021, the official website of the Bank of China announced that the People's Bank of China is scheduled to issue a set of commemorative banknotes for the 24th Winter Olympic Games (hereinafter referred to as "Winter Olympic banknotes") on December 21, 2021, including one commemorative banknote for ice sports and one commemorative banknote for snow sports. [131]
2022
On January 25, 2022, the official website of the Bank of China announced that from February 1, 2022, the annual fee of personal debit card and the management fee of RMB personal small current deposit account (referred to as" Petty account management fee Bank of China all personal debit card annual fees (including previous annual unpaid annual fees) and small account management fees will no longer be charged from the same day. [133]
On March 12, 2022, Xinjiang signed strategic cooperation agreements with seven state-owned financial institutions, including the Bank of China. Fourteen fifth During the period of economic and social development contributed financial strength. [136]
In July 2022, it ranked fourth in the "Top 1000 Global Banks 2022" list published by British "Banker" magazine. [147]
On August 3, 2022, Fortune released the latest list of the World's top 500, and Bank of China ranked 42nd. [152]
From August 29, 2022, the Bank of China will adjust the ATM QR code deposit service. After the adjustment, the ATM deposit function without card scanning code will stop, and you can still hold the Bank of China bank card for ATM deposit or go to the Bank of China branch for deposit business. [148] [150]
In September 2022, it was designated as China's systemically important Bank in 2022. [151]
In 2022, the total assets of Chinese banks will be 28.9 trillion yuan. [165]
2023
On June 8, 2023, the Bank of China issued the RMB deposit interest rate table, lowering the RMB demand deposit interest rate by 5 basis points to 0.20%, the two-year RMB time deposit interest rate by 10 basis points to 2.05%, and the listed interest rate of three and five years by 15 basis points to 2.45% and 2.50% respectively. [166]
On July 31, 2023, the Bank of China Islamabad branch is located in the capital of Pakistan Rambourg is open. [172-173]
On September 1, 2023, the six largest state-owned banks ( Industrial and Commercial Bank of China , Agricultural Bank of China , Bank of China, China Construction Bank , Postal savings Bank and Bank of Communications ) Successively issued announcements, starting from today RMB deposit listed interest rate. [177]
On September 5, 2023, the Bank of China Riyadh branch opened. [179]
In September 2023, it was designated as a systemically important bank. [181]
On November 20, 2023, State Financial Supervision and Administration To approve the amendment of the articles of association of the Bank of China. [185]
On December 22, 2023, according to the official website of the Bank of China, the bank lowered the RMB deposit interest rate on December 22, of which the regular deposit and withdrawal for three months, half a year and one-year interest rates were reduced by 10 basis points, and the one-year interest rate was reduced to 1.45%; Two-year cut by 20 basis points to 1.65%; Both the three-year and five-year maturities were cut by 25 basis points to 1.95% and 2.00% respectively. [188]

2024

Bank of China announced that as of April 10, 2024, Huijin Company had accumulated an additional 330,372,926 A-shares of the Bank through the Shanghai Stock Exchange trading system, accounting for approximately 0.11% of the total share capital of the Bank; Huijin holds A total of 188,791,906,533 A-shares of the Bank, accounting for approximately 64.13% of the Bank's total share capital. [195]
On April 20, 2024, according to the official website of the Bank of China, the Bank of China established a pension financial center in Beijing. The pension Finance Center will comprehensively coordinate the development of the Group's pension finance business, and work together with various departments to form a pension finance organization system that jointly promotes the development of pension finance, pension personal finance, pension industry finance and silver scene ecological "3+1" business. [196]

Patent grant

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EDITOR
On October 21, 2022, the patent of Bank of China Limited for "ATM-based Finding Notice Method and Device" was authorized. [153]
November 21, 2023, according to State Intellectual Property Office Announcement, Bank of China Limited has obtained a entitled "Enterprise name check Method and device", authorized announcement No. CN112364635B, application date For November 2020. [183]
In December 2023, according to the announcement of the State Intellectual Property Office, Bank of China Limited applied for a project entitled "Image file storage Method, Device, Equipment and media", the public number CN117215970A, the application date is September 2023. [187]

Related business

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EDITOR
Bank of China is mainly engaged in commercial banking business, including corporate, personal finance, capital business, capital international business and financial institution business.

Corporate finance business

As the main source of profit for China's banking business, it provides customers with personalized and innovative financial services based on the bank's core credit products. In 2007, the company continued to focus on improving the customer service system, promoting the overall linkage of business, strengthening product innovation and implementing management transformation, and established the company's financial sector and strengthened line management. Bank of China implements the development strategy of serving key large and high-quality corporate customers, focuses on long-term cooperative relations with large and high-quality customers, and recognizes that small and medium-sized enterprise business is an important part of the company's financial business, and strives to become an efficient, professional and able to meet the comprehensive needs of small and medium-sized enterprises. [59]

Personal financial business

Mainly targeted at the financial needs of individual customers, offers include Savings deposit , Consumer credit and Bank card The services included.

Deposit business

It is the Bank of China that actively responds to the impact of the rapid development of the capital market on the deposit business of RMB companies and vigorously develops the deposit business of RMB companies.

Loan business

The Bank of China continues to strengthen the adjustment of loan structure, increase investment in key support industries, and achieve credit Optimal allocation of resources .

Financial business

Bank of China focuses on comprehensive cooperation with financial institutions and provides customers with more comprehensive services through mutual customer recommendation, resource sharing and joint development of new products. Bank of China also approved New York , Frankfurt and Tokyo Branches for US dollar, euro and yen clearing, the above branches and Singapore All branches are at the local level Clearing bank .

International settlement and trade finance

For the advantages of the Bank of China business, the Bank of China strengthened the linkage between domestic and foreign institutions to achieve rapid development of international settlement and trade finance business.

Other corporate finance business

Bank of China Payment and settlement business , mainly including bank drafts, promissory notes, checks, exchange, Banker's acceptance , Consignment collection , Acceptance for collection , Centralized payment , Check loop and Bill escrow Let's wait.

Capital business

Including domestic and foreign currency preservation, fund management, debt preservation, domestic and foreign financing and other fund operation and management services.

Financial institution business

Bank of China provides comprehensive services such as fund clearing, interbank borrowing and custody to other banks, securities companies and insurance companies around the world. As a century-old brand in China's financial industry, Bank of China has been proactive and innovative while focusing on stable operation, and has created many firsts in the domestic banking industry, and has been widely recognized and praised by the industry and customers in the fields of international settlement, foreign exchange funds and trade finance.

Capital and international business

As a traditional foreign exchange and foreign trade professional bank, Bank of China has unique advantages and rich professional experience in foreign exchange business and international settlement business. Using a sound international transaction network system, Bank of China provides customers with high-quality international settlement services, foreign exchange preservation, appreciation, investment and financing, and business aimed at avoiding exchange rate risks. Including capital business: foreign exchange trading, foreign exchange Financial derivatives Transactions with RMB funds; Investment and finance: Convergence treasure , Bond, Forex Treasure , optiontreasure , Two Depot , Huang Jinbao Spring, summer, autumn and winter and foreign exchange financing as well International settlement .

Bill pooling business

The Bank of China launched the bill pool business in the enterprise online banking, which can help customers centralized management of bills. Through the establishment of the enterprise bill pool, the bills held by the bank can be "pooled custody", which facilitates daily bill management. The Bank of China provides services such as the identification of the authenticity of bills, the reminder of the maturity of bills, and the entrustment and collection of bills upon maturity. The bank also provides bill custody services, which can outsource the physical custody of bills to the bank operation, eliminating the worry of saving bills. [60]
The bill pool business provides a new solution to the problem that the bill received by enterprises is small, many, too scattered and difficult to endorse. The scattered small bills can be "pledged into the pool" to form the bill pool pledge guarantee line, and use the bill pool pledge guarantee line to issue bank acceptance bills or open letters of credit, etc., to facilitate the external payment of enterprises. [61]
The bill pool business was launched at the beginning of the year, and has been recognized by many customers such as steel, automobile, petrochemical, and power materials. These enterprises have a large amount of daily bill settlement, and use the function of the Bank of China online bank bill pool to better solve the problems of bill management and bill financing, stabilize the upstream and downstream customers, and provide a new tool for the financial management of enterprises. [62]

Current leader

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EDITOR
job
name
Secretary of the Party Committee, Chairman, Executive Director, Chairman and member of the Strategic Development Committee of the Board of Directors of Bank of China
Ge Haigao [162-164]
Deputy Secretary of the Party Committee, Vice Chairman, President
Liu Jin [111-112] [120]
Deputy secretary of the Party Committee
Zhang Keqiu [76-77] [115-116] [191]
Head of the discipline inspection and supervision team of the Central Commission for Discipline Inspection and the State Supervision Commission in the Bank of China, member of the Party Committee of the Bank of China
Miao Yufeng [67-68]
Member of the Party Committee, Vice President
Lin Jingzhen [69-72] [160] , CAI Zhao [174] [176] [182]
Deputy governor
zhang Xiao Dong, Zhang Yi [158] [161] , Liu Jin [192]
Chief information officer
Meng Xi [72-73] [125] [141] [156]
Executive director
Zhang Yi [194]
Non-executive director
Zhao Jie, Xiao Lihong, WANG Xiaoya, Liao Qiang
Independent director
Lu Zhengfei, Liang Zhuoen, Wang Changyun, Zhao Anji, Jiang Guohua [74]
Staff supervisor
Wang Zhiheng, Li Changlin, Leng Jie
External supervisor
Jia Xiangsen, Zheng Zhiguang [75]
Non-executive Director, Member of the Board's Strategic Development Committee, Audit Committee and Risk Policy Committee
Zhang Yong [168]
Reference material [159]
中国银行总行 中国银行总行 中国银行总行 中国银行总行 中国银行总行 中国银行总行 中国银行总行
Head office of the Bank of China

Company management

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EDITOR
Company management diagram
Corporate governance structure It is the core of modern corporation system. Bank of China has always regarded good corporate governance as an important means to enhance shareholder value and investor confidence. While creating good business performance, Bank of China has continuously improved its corporate governance mechanism with clear rights and responsibilities, effective checks and balances, and coordinated operation. [63]
Bank of China strictly abides by the provisions of Company law "," Commercial bank law Based on its own corporate governance practice experience, it constantly formulates and updates normative documents of corporate governance, improves the modern joint-stock corporate governance structure constructed by the general meeting of shareholders, the board of directors, the Board of supervisors and the senior management, and continuously improves the level of corporate governance. [63]
The Bank of China is a bank that has strict requirements on the conditions of borrowing banks, and carries out loan business in almost all developers. Generally, Chinese banks require buyers to provide relatively strict certification procedures for loans. [64]
For example, a year's bank statement, monthly income is twice the monthly payment, and so on, these conditions precisely prove that the bank of China is rigorous in the face of housing loans, and better serve home buyers.
When the contract is signed, the developer will recommend the appropriate bank to the buyer for loans, generally the interest rate of the first suite will be 10% discount, this preferential way to let more people choose commercial loans, but commercial loans are not as easy as imagined. [65-66]

Company culture

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EDITOR

Strategic objective

Bank of China centennial
In order to Xi Jinping New era Socialism with Chinese characteristics Guided by ideology, we will adhere to the principle of leading by science and technology, driven by innovation, realistic transformation and strong transformation, and build the Bank of China into a world-class bank in the new era. [78]
The realization of the strategic goal is divided into three steps: by 2020 China Build a moderately prosperous society in all respects At this time, the development foundation is further consolidated, the characteristics and advantages are further consolidated, the system and mechanism are further improved, and the comprehensive strength is further enhanced. By 2035, when China basically achieves modernization, it will have made a forced leap from a world-class major bank to a world-class one, and fully build a world-class bank in the new era. By 2050, the Bank of China will become Great modern socialist country The "financial heavyweight" has become a banner of the global financial industry. [79]

Core values

Excellent service and steady creation of openness, inclusiveness and win-win cooperation [80] [119]

Bank mark

Bank of China logo
The Bank of China logo was officially adopted by the head Office of the Bank of China in 1986.
The bank logo is made by a famous Hong Kong designer Kan Tai-keung Mr. Design, the use of Chinese ancient money and "Zhong" character as the basic shape, ancient money graphics is a circle and shape of the frame line design, the middle square hole, plus vertical lines, become the "Zhong" word shape, meaning the sky square and the earth round, economy based, giving people the feeling is simple, stable, easy to identify, profound meaning, quite Chinese style. [81]

Development orientation

Bank of China's development in accordance with Comparative advantage Rational allocation of resources and continuous introduction of differentiated products and services; Adjust and improve the internal operation mechanism, further improve the risk management system, and make the credit decision more scientific and transparent; According to prudence Accounting principle Handling business to increase transparency; Establish a strict system of target accountability and serve this system Incentive and constraint mechanism ; Strengthen education and training to cultivate BOC culture.
We will build the Bank of China into the best bank with lofty values, a bank that plays an important role in the rejuvenation of the nation, a bank that takes the lead in the process of globalization, a bank that leads the way of life in the process of technological change, a bank that wins the following of customers in the market competition, and a bank that satisfies shareholders, employees and society in the course of sustainable development. [82]

Subordinate organization

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Bank of China International

Hong Kong dollars issued by the Bank of China
Bank of China International Holdings Limited Bank of China International (hereinafter referred to as "BOCI") is a wholly-owned subsidiary investment banking institution of Bank of China and the main platform for Bank of China to carry out investment banking business. Boci was incorporated in Hong Kong on July 10, 1998, and its predecessor was China Construction Finance (Hong Kong) Limited, which was founded in 1979.

Bank of China Investment

Bank of China Group Investment Limited (" BOC Investment ") is a wholly-owned subsidiary of Bank of China incorporated in Hong Kong in December 1984. [83]

Bank of China Fund

Patacas issued by Bank of China
Bank of China Fund Management Limited (hereinafter referred to as "BOC Fund") is a joint venture between the Bank of China and BlackRock Investment Management Limited (hereinafter referred to as "Bank of China Fund") Blackrock A Sino-foreign joint venture fund management company jointly established by two world-renowned leading financial brands is committed to long-term participation in the development of China's fund industry and strives to become a leading domestic fund management company.

Bank of China Insurance

Bank of China Insurance Company Limited Boc Insurance (hereinafter referred to as "BOC Insurance") is a national property insurance company approved by the China Banking and Insurance Regulatory Commission. The company was established on January 5, 2005, with its headquarters in Beijing. The company mainly engages in property loss insurance, liability insurance, credit insurance and warranty insurance, short-term health insurance and accident insurance, and other businesses approved by the China Insurance Regulatory Commission. [84]

Boc Aviation Leasing

Bank of China Centennial Macau commemorative banknote
Boc Aviation Leasing Pte. LTD Boc Aviation (" BOC Aviation ") is a leading aircraft leasing company based in Asia with a fleet of new aircraft and customers from more than 30 airlines worldwide. Boc Aviation has one of the youngest fleets in the industry, with an average age of only 3.9 years. [85]

Bank of China Consumer Finance

Bank of China Consumer Finance Limited (hereinafter referred to as "BOC Consumer") was established in June 2010, is one of the first consumer finance companies approved by the China Banking and Insurance Regulatory Commission, is a subsidiary of the Bank of China, is also the first consumer finance company in Shanghai. Headquartered in Shanghai, it has set up first-level regional centers in 27 provinces and autonomous regions (including municipalities directly under the Central government) across the country, and inclusive financial services throughout the country. [86]

Bank of China Financial Business

Bank of China Financial Business Limited (" BOC Commercial ") was established in November 2007 and is a wholly-owned subsidiary of Bank of China. [87]

Bank of China Hong Kong

Bank of China (Hong Kong) Limited (" BOCHK ") is the principal asset of BoCHK (Holdings) Limited (HKEX: 2388) and the second largest commercial banking group in Hong Kong (by assets and deposits) with more than 300 branches in Hong Kong. [88]

Overseas development

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The Bank of China takes the integrity as the foundation, takes the revitalization of the national financial industry as its own responsibility, expands the market in the difficult and war-torn environment, conducts steady operation, pursues reform, and shows a tenacious entrepreneurial spirit. The bank's banking business and operating performance have been in the leading position in the industry for a long time, and the branch has been extended to overseas, leaving a glorious chapter in the modern banking history of China.
Bank of China has successively established Hong Kong (Bank of China Hong Kong (Holdings) Limited, Bank of China International Capital Limited, Bank of China (Hong Kong) Limited, Bank of China International Futures Limited, Nanyang Commercial Bank Limited, Bank of China International Prudential Asset Management Limited, Jiyu Bank Limited, Bank of China International Prudential Trust Limited and Bank of China Credit Card (International) Limited, Bank of China Group Insurance Company Limited, Bank of China International Holdings Limited, Bank of China Group Life Insurance Company Limited, Bank of China International Asia Limited, Bank of China Group Investment Company Limited, Bank of China International Securities Company Limited, Bank of China International Research Company Limited, Macau, China (Macau Branch, Tai Fung Bank Limited), Taiwan (Taipei Branch), Singapore (Bank of China International (Singapore) Limited, Singapore Branch, Great Singapore Branch, Small Singapore Branch, Katong Branch, Central District Branch, Tangcheng Branch, Bank of China Aviation Leasing Pte LTD.), Japan (Tokyo Branch, Osaka Branch, Yokohama Branch, Kobe Branch, Otemachi Branch, Nagoya Branch), Malaysia (Bank of China Malaysia, Hempo Branch, Penang Branches, Klang Branch, Johor Baru Branch, Johor Baru Branch, Puchong Branch, Kuching Branch), Kazakhstan (Kazakh Bank of China, Asian Union Branch), Korea (Seoul Branch, Ansan Branch, Daegu branch, Guro Branch), Thailand (Bangkok branch, Rayong Branch), Vietnam (Ho Chi Minh City branch), Philippines (Manila branch, Medan Branch), India Nisi Branch Asia (Jakarta Branch, Surabaya Branch), Cambodia (Phnom Penh Branch, Wuzhou Branch), United Arab Emirates (Bank of China Middle East (Dubai) Co., LTD.), Bahrain (Bahrain Representative Office), Mongolia (Ulaanbaatar Representative Office); Australia (Bank of China (Australia) Limited, Sydney Branch, Chinatown Branch, Melbourne Branch, Balamatta Branch, Hoi Wai Branch, Perth Branch, Brisbane Branch, Bausch Hill Branch); United Kingdom (Bank of China (UK) Limited, Bank of China International (UK) Limited, London Branch, London Chinatown Branch, Manchester Branch, Glasgow Branch, Birmingham Branch), Switzerland (Bank of China (Switzerland) Limited), Luxembourg (Bank of China (Luxembourg) Limited, Luxembourg Branch), Netherlands (Rotterdam Branch), France (Paris Branches, Thirteenth Arrondissement Branch, Lyon Branch), Germany (Frankfurt branch, Hamburg Branch, Dusseldorf Branch, Berlin branch), Italy (Rome branch, Milan branch), Russia (Russian Bank of China, Khabarovsk Branch, Primorye Branch), Hungary (Hungarian Bank of China, Hungary branch), Belgium (Brussels branch), Sweden (Brussels Branch) Stockholm Branch), Poland (Poland Branch), Portugal (Lisbon branch), United States (New York Branch, New York Chinatown Branch, Los Angeles Branch, Chicago branch), United Kingdom Cayman Islands (Cayman Branch), Panama (Panama Branch), Canada (Bank of China (Canada) Limited, Toronto Central Branch, Toronto Scarborough Branch, Toronto Wan Jin Branch, Toronto North York Branch, Toronto Mississauga Branch, Vancouver Branch, Vancouver Richmond Bank, Calgary Branch, Montreal Branch), Brazil (Bank of China (Brazil) Limited, Sao Paulo representative office), Zambia (Bank of China Zambia), South Africa (Johannesburg branch), Kenya (Nairobi Representative Office), Angola (Roan Branch) Representative office), Mexico (Bank of China (Mexico) Co., LTD.), etc. [89-90]

Honorary achievement

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Bank of China's reputation and performance over the years have been widely recognized by the industry, customers and authoritative media. Has been featured in nine euromoney "China's Best Bank" and "China's Best Domestic Bank"; 16 consecutive years in the" wealth The World's top 500 companies selected by "Magazine"; Also, by" Financial resources "China's Best Domestic Bank"; Awarded as "China's Best Trade Finance Bank" and "China's Best Foreign Exchange Bank" by Global Finance magazine; Be written by Far Eastern Economic Review Rated as "Top Ten enterprises of product service in China"; After the reorganization and listing of Bank of China in Hong Kong, it has won the" Investor relations "Best IPO Investor Relations Award" and" Asian finance "Best Deal, Best Privatization Award" and many other important awards. [50] [91-94]
Bank of China
From 2002 to 2022
A given year
Award content
2023
In September 2023, it was selected into the Forbes "Top 50 Multinational Operations of Chinese Enterprises" list single [180] .
In August 2023, with a revenue of 156,923.5 (million US dollars), it was selected into the 2023 Fortune Global 500 list, ranking 49th. [175]
In July 2023, it was selected as the 15th in the 2023 Fortune China 500 List. [171]
In July 2023, it was selected as the 19th in the 2023 Fortune China's Top 500 Listed Companies list. [170]
June 2023 Forbes 2023 Global 2000 List [167]
In November 2023, the Financial Stability Board officially announced the list of global systemically important banks in 2023, and Bank of China was on the list. [184]
2022
On December 21, 2022, it won the Grand Prize of the second Capital Financial Innovation Incentive Project "Financial Innovation Achievement Award" [155]
Selected by Forbes China • Best Employers 2022 [145-146]
"Best Trade Financier in Asia Pacific" by Trade Finance Global (TFG)
Ranked 13th on the Forbes 2022 Global 2000 list. [142]
On November 18, 2022, it was selected as one of the first institutions to start a personal pension business. [154]
2021
In October 2021, it was selected as the third place in "2021 Hurun China's Most Historical and Cultural Brands List". [128]
In May 2021, it ranked No. 1 in the "2021 Forbes Global 2000 Companies" Fourteen bits. [118]
On September 23, 2021, it ranked 14th in the 2021 Asian Top 500 Brands list. [126]
2020
On August 10, 2020, it ranked No. 43 on the 2020 Fortune Global 500 list. [95]
In July 2020, it won the 2019 China Banking Social Responsibility Top 100 Evaluation Award for helping win the "Three Tough Battles". [96]
Ranked 97th in the BrandZ Top 100 Most Valuable Global Brands 2020 [97]
On May 13, 2020, it was ranked No. 10 in Forbes 2020 Global 2000. [98]
The 15th of China's Top 500 Brands in 2020
On January 4, 2020, it won the "Sustainable Development Innovation Award" of the 2020 Caijing Evergreen Award. [99]
On January 3, it ranked 9th in the top 500 listed companies by market value in 2019. [100]
Ranked 20th on the World's 500 Most Valuable Brands in 2020. [101]
No. 4 on the "Top 500 Global Bank Brand Value List" in 2020. [102]
No. 4 on the "Top 100 Banks of China 2019" list. [103]
No. 4 in China's Top 100 Most Valuable Brands 2020 [104]
2019
With a profit of 27,225.2 (USD million), Bank of China was ranked 10th among the 50 most profitable companies of the World's Top 500 in 2019. [105]
Bank of China ranked 21st on the People's Daily's China Brand Development Index 100 list. [18]
The "2019 Hurun Brand List" was released, and Bank of China ranked fourth in the country in terms of financial brand value in 2019 with a brand value of 135 billion yuan.
Most Socially Responsible Bank, Best Experience Fintech Bank, Best Credit Card Brand Award [106] Ranked 9th on the "Belt and Road" Top 100 Chinese enterprises list. [55]
2018
It ranks third on the World's 1000 Largest Banks list, 46th on the 2018 Fortune Global 500 list and 198th on the World's Top 500 Brands list. [107]
2016
Ranked 35th on the World's top 500 list
The Banker's "Best Capital Management Bank" award
Global Capital "Asia Pacific Green Bond Issue of the Year" award
Five awards were awarded by Treasury "Best Trade Finance Bank in China" and "Best Treasury and Working Capital Supply Chain Solution"
China Banking Association Trade Finance Committee "Best Trade Finance Bank" and "Best Cross-border RMB Business Bank" two awards
"Southern Weekend" "State-owned listed enterprises Social responsibility list 100 enterprises" ranked second
Ranked sixth on the Banker's Top 500 Global Banking Brands list
2013
Forbes Global 2000 list
According to Hurun's list of state-owned brands, Bank of China ranked fourth with a brand value of 162 billion yuan
Won the top 500 Chinese brands
China Corporate Social Responsibility Annual Meeting "Top 100 State-owned Listed Enterprises Social Responsibility List"
Best Trade Finance Bank in China, Trade Finance Magazine
The Banker, Institute of Finance, Chinese Academy of Social Sciences "Best Financial Corporate Image Award"
Asian Banker's "Bank of China Credit Factory" won the "China Excellent Brand Building" award
Asian Banker "China Best Internet Banking Product Award"
Board of Directors magazine "Golden Round Table" outstanding board award
2012
The Asian Banker is the best RMB clearing bank in Asia Pacific
2012 CBN China Marketing Festival "Best Public Benefit Marketing" award
Trade and Forfaiting Review "Deal of the Year 2012"
China Banking Association Trade Finance of the Year Award
"Precious Metals Consumer Satisfaction Award" and "Personal Loans Consumer Satisfaction Award"
Best Trade Finance Bank in China, Global Finance
2012 CBN China Marketing Festival "Best Public Benefit Marketing" award
"China Financial Institutions Gold Medal List Golden Dragon Award" Best Trade Finance Bank of the Year
Euromoney "Best Credit Bank in China 2012"
2011-2012 China Financial Excellence Award "Outstanding Forex Financial Services Bank"
The Banker "China Bank of the Year 2012"
China Listed Companies Governance Evaluation "Best Corporate Governance Award"
2012 "Annual Private Bank" "Annual Banking Brand"
"Best Private Bank" in Global Entrepreneur's 2012 Innovative Banks List
"Best Private Banking Business" and "Best Wealth Management Brand" in Hexun Financial Magazine
The 5th China Best Retail Bank "2012 China Best Bank Wealth Management Brand"
"Golden Bay Award" "Best Earning Bank 2011-2012"
Bank of China won the trade finance award
CCTV Finance 50 "Top 10 Governance Companies"
Asian Banker "Best Mobile Banking in China"
China Financial Certification Authority (CFCA) "China Online Banking Best Competitiveness Award"
2011
Ranked 9th in the Global Bank Rankings in 2011
Tencent "The Most Valuable brand e-bank"
Securities Times "Best Online Banking" and "Best Mobile Banking"
China Business News "2011 Excellent Competitiveness e-Bank"
"Outstanding Personal Financial Business Award" at China International Finance Exhibition
2010
“BEST CHINESE TRADE BANK”
Financial Times Best Private Bank Award
2009
Asian Bank Competitiveness Ranking "Best Corporate Bank in Asia"
The Banker "2009 Bank of the Year in China"
2008
Euroweek - Asia "Best Financing Bank for Chinese Borrowers"
Bank of China won the "2008 China Banking Civilized Standard Service Demonstration Unit"
"Best Wealth Management Brand Award" for the Top 10 Commercial Banks in the Asian Bank Competitiveness Ranking
Treasury "Best Trade Finance Bank in China 2008"
Uk-china Business Liaison Centre "Best UK-China Business"
2007
Lloyd's Register "Lloyd's International Ship Finance Bank Award"
"China Enterprise Marketing Innovation Award" of Sales & Marketing Magazine
Global Capital "Best Trade Finance Bank in China"
Asian Currency "Best Local Cash Management Bank"
2006
Bank of China won the outstanding contribution Award of "Earth's Love Mother Water Cellar"
Investor Relations "2006 Hong Kong IPO Best Investor Relations"
Emerging Markets "Bank of the Year 2006 (Asia)"
Asian Legal Affairs "Legal Team Award for Banking and Financial Services Companies"
2005
2005 China's Most Creative Product Award
"Most Popular Credit Card Award" by Hexun Financial Magazine
Bank of America "China's Most Efficient Bank"
中国人才“中国大陆最佳人力资源战略”
In 2004 Fortune announced that Bank of China ranked 358 in the global Top 500
2004
Bank of China was ranked 29th among the world's 1000 largest banks
亚洲风险“中国内地最佳金融风险管理奖”
2003
Treasury "China's Best Domestic Bank"
2002
The European currency ranked first in the world's emerging markets and regions in 2002
the Asian Banker ranked 8th in net profit among 300 Asian companies

Enterprise event

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On July 9, 2014, CCTV exposed the Bank of China's blatant fraud and money laundering, saying that in order to attract customers, the bank of China colluded with immigration agents to help customers fake money laundering. No matter the source of the customer's money, it can help it flow out of the country, a branch of the Bank of China staff said, in fact, it is to help you wash your money. CCTV believes that the Bank of China will charge a considerable fee for helping banks to exchange foreign currency, which is about three-thousandths to four-thousandths, which is equivalent to the expensive exchange rate. Bank of China broke through the control to help problem funds escape and transfer to foreign accounts, suspected of breaking the law. The event caused Bank shares were lower across the board, with Bank of China's Hong Kong shares diving in the afternoon, down more than 2 per cent and trading at HK $3.50, down 2.51 per cent. Agricultural Bank fell 2.5 per cent, while ICBC and China Construction Bank both fell more than 1 per cent. [108] [139] On July 9, 2014, the Bank of China said that in the process of business handling, the relevant branches have formulated strict business operation procedures in accordance with relevant regulatory regulations and anti-money laundering requirements, and have unified and clear handling standards for the use of funds and the source of funds, and business methods and operation procedures have been reported to the relevant regulatory authorities in advance. The business materials are reviewed one by one when handling, and each business is reported to the regulatory business system, which better prevents business risks. The "underground banks" and "money laundering" mentioned in the report are inconsistent with the facts. [109]
On February 13, 2018 and March 2, 2018, the Fuyang Branch of the Bank of China issued fixed asset loans of 400 million yuan and 175 million yuan respectively to an investment and development company with a term of 16 years. On March 27, 2018, the company paid a syndicated loan arrangement fee of $23 million to the bank. After investigation, the branch was connected to Fuyang Yingdong rural commercial bank Entered into a Debt Optimization Syndicate Agreement, but did not provide services such as initiating or organizing a syndicate, assuming distribution or partial underwriting responsibilities, allocating distribution syndicate loan shares, and coordinating arrangements related to bank loans. [129]
On December 6, 2020, the Banking and Insurance Regulatory Commission issued a fine of 50.5 million yuan for Bank of China Co., LTD., and four employees were heavily fined, with a total fine of 1.8 million yuan. Bank of China" Crude oil treasure Violations related to product risk events mainly include: non-standard product management, including unclear contract terms related to margin, non-independent post-evaluation of products, and failure to carry out stress test related work on products; Imprudent risk management, including defects in the setting of market risk limits, irregular adjustment of market risk limits and over-limit operations, defects in trading system functions and failure to timely rectify as required; The internal control management is not sound, including unreasonable performance assessment and incentive mechanism, insufficient performance of consumer rights and interests protection, and the internal control compliance inspection of the whole bank does not cover the global Marketing Department's sales management of private products; Sales management is not compliant, including the age of individual customers does not meet the access requirements, the content of some promotional sales texts is exaggerated or one-sided propaganda, and the sale of products by means of gifts. In response to the punishment of the banking and Insurance Regulatory Commission, the Bank of China said that it resolutely accepted the punishment, earnestly implemented the relevant regulatory measures, and deeply reflected on the problems such as non-standard product management, imprudent risk management, imperfect internal control management, and non-compliance of sales management, drawing lessons from one another, and seriously accountable the relevant responsible personnel according to law and regulations. [110]
In April 2021, the Tianjin Banking and Insurance Regulatory Bureau announced the administrative penalty information table, showing that the Bank of China Limited Tianjin Hebei branch for violating the" Regulations of the People's Republic of China on the Administration of RMB He was given a warning and fined 50,000 yuan [117] .
On November 18, 2021, the Consumer Rights Protection Bureau of the China Banking and Insurance Regulatory Commission issued the Notice on Typical Cases of Illegal Charges for Banking Services, and the Bank of China was regulated for illegal charges and disguised higher financing costs Submitted to the [130] .
On January 25, 2022, the official website of the Bank of China announced that from February 1, 2022, the annual fee of personal debit card and the management fee of RMB personal small current deposit account will be cancelled, and the annual fee of all personal debit card (including the annual fee of previous years' unpaid) and the management fee of small account will no longer be charged from the same day. [132]
On February 5th, 2022, Bank of China Museum Tianjin branch The opening ceremony was held in Tianjin. [134]
In February 2022, Bank of China Limited Fujian branch A fine of 500,000 yuan was imposed on the Fujian branch of Bank of China Limited for not doing its job in credit card credit management A surname [135]
On March 21, 2022, in order to continue to support the national sports power strategy, the Bank of China announced the signing of sponsorship The Chinese national shooting team To support the national shooting team in the Hangzhou Asian Games, Paris Olympic Games Create new glory. Eileen Gu , Sui Wenjing , Han Cong And the national curling team Ling Zhi I came to the event site and shared my Winter Olympics story. State General Administration of sports shooting and archery sports management center DIRECTOR Liang Chun With Vice President of the Bank of China Wang Zhiheng Signed cooperation agreement on site, Gou Zhongwen , Han Zirong , Liu Liange , Liu Jin , Chen Huaiyu Waiting to witness the signing. [137]
On March 25, 2022, the Bank of China was fined 4.8 million yuan by the China Banking and Insurance Regulatory Commission for 18 violations of data quality and data submission in the Standardized Data Supervision (EAST) system. [140]
On June 2, 2022, the CBRC website disclosed fines for some financial companies and their parent banks: Bank of China was fined 2 million yuan due to a number of violations of laws and regulations in its financial services. [143]
In August 2022, the Bank of China issued the "Announcement on Adjusting ATM two-dimensional code Deposit business", saying that it will adjust ATM two-dimensional code deposit service from August 29. After the adjustment, the ATM deposit function without card scanning code will stop, and users can still hold the bank's bank card for ATM deposit or go to the bank's business outlets for deposit business. [149]
In 2023, the China Banking and Insurance Regulatory Commission seriously investigated a number of illegal cases, among which, in the special on-site inspection of the implementation of major policies to support private enterprises and small and micro enterprises carried out by the Bank of China, it was found that the loan funds of the Bank of China were misappropriated, statistical data were untrue, and the review procedure of major related party transactions was not standardized. The China Banking and Insurance Regulatory Commission fined Bank of China's head office 16 million yuan, fined its branches 16.8 million yuan, and issued warnings to two responsible personnel. [157]
In November 2023, the Bank of China was warned by the People's Bank of China for 12 acts involving violation of account management regulations, violation of liquidation management regulations, violation of merchant management regulations, confiscation of illegal income of 37340,315 yuan, and fine of 36.642 million yuan. [186]
In January 2024, Bank of China Limited added a new information about the person subject to execution, the execution target is 181.31.0 million yuan, the execution court is Shijiazhuang Railway Transportation Court, the case number is (2024) Hebei 8601 No. 18. [189]

Operating condition

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Bank of China in 2023 annual net profit of 231.90 billion yuan, an increase of 2.38%; Operating income was 624.138 billion yuan, year-on-year An increase of 6.42%. [193]

Social good

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On July 26, 2021, the Bank of China announced a donation of 20 million yuan to Henan to tide over the difficulties together. [123]
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