Bank of China Limited
Type	Joint stock company
Founded	1912
Headquarters	Beijing, PRC
Key people	Li Lihui, President
Industry	Finance
Products	Financial Services
Net income	RMB 27.4 billion (2005)
Employees	209,265
Website	http://www.boc.cn

Bank of China Limited (BOC) SEHK: 3988 (Simplified Chinese: 中国银行; Traditional Chinese: 中國銀行; pinyin: Zhōngguó Yínháng; often abbreviated as 中行) is one of the big four state-owned commercial banks of the People's Republic of China. Founded in 1912 to replace the Ta Ching Government Bank, it is the oldest bank in China. From its establishment until 1942, it issued banknotes on behalf of the Central Government along with the "Big Four" banks of the period: the Central Bank of China, Farmers Bank of China and Bank of Communications. Although it initially functioned as the Chinese central bank, it was replaced by the Central Bank of China in 1928. Subsequently, it became a purely commercial bank. Image File history File links Bank-Of-China-logo. ... 1912 (MCMXII) was a leap year starting on Monday in the Gregorian calendar (or a leap year starting on Tuesday in the 13-day-slower Julian calendar). ...   (Chinese:  ; Pinyin: BÄ›ijÄ«ng; IPA: ), a metropolis in northern China, is the capital of the Peoples Republic of China (PRC). ... PRC is a common abbreviation for: Peoples Republic of China Palestinian Red Crescent Popular Resistance Committees This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Finance studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. ... Financial services is a term used to refer to the services provided by the finance industry. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... The renminbi (Traditional Chinese: 人民幣, Simplified Chinese: 人民币, literally means peoples currency) is the official currency of the Peoples Republic of China. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (or Web site) is a collection of web pages, images, videos and other digital assets and hosted on a particular domain or subdomain on the World Wide Web. ... Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... This article or section does not adequately cite its references or sources. ... Traditional Chinese (Traditional Chinese: 正體字/繁體字, Simplified Chinese: 正体字/繁体字) refers to one of two standard sets of printed Chinese characters. ... Hanyu Pinyin (Simplified Chinese: ; Traditional Chinese: ; pinyin: ), commonly called Pinyin, is the most common variant of Standard Mandarin romanization system in use. ... // Big Four may refer to: The Big Four, a name given to the powerful four men who owned the Central Pacific Railroad. ... Banker redirects here; see wiktionary:banker for more meanings. ... The Central Bank of China (中央銀行) is the central bank of the Republic of China (on Taiwan). ... The Farmers Bank of China (中國農民銀行, pinyin: Zhōngguó nóngmín yínháng) was one of the largest banks in China and later in Taiwan. ... Bank of Communications HKEx: 3328 (Simplified Chinese: 交通银行, traditional Chinese: 交通銀行) Founded in 1908 (the 34th year of the Guangxu reign period, Qing Dynasty), the Bank of Communications emerged as one of the first few major national and note-issuing banks in China in the early days, and was chartered as the... The Central Bank of China (中央銀行) is the central bank of the Republic of China (on Taiwan). ...

After the Chinese civil war ended in 1949, the Bank of China effectively split into two operations. Part of the bank relocated to Taiwan with the Kuomintang government. It was privatised in 1971 to become the International Commercial Bank of China (中國國際商業銀行). It has subsequently merged with the Taiwan Bank of Communications (Chiao Tung Bank, 交通銀行) to become the Mega International Commercial Bank (兆豐國際商業銀行).The Mainland operation is the current entity known as the Bank of China. The Kuomintang of China (abbreviation KMT) (Traditional Chinese: ; Simplified Chinese: ; Hanyu Pinyin: ; Tongyong Pinyin: ; Wade-Giles: Chung1-kuo2 Kuo2-min2-tang3)[1], also often translated as the Chinese Nationalist Party, is a political party in the Republic of China, now on Taiwan, and is currently the largest political party in...

It is the second largest lender in China overall, and the 8th largest bank in the world by market capitalization value^[1]. Once 100% owned by the central government, via Central Huijin Investment and National Council for Social Security Fund (SSF), an IPO of its shares took place in June 2006, the free float is at present over 26%. Central Huijin Investment Company Limited (Simplified Chinese: 中央汇金投资有限责任公司)is an investment company owned by the government of the Peoples Republic of China, and administrated through the Ministry of Finance. ... An initial public offering (IPO) is the first sale of a corporations common shares to public investors. ... The free float of a public company is the proportion of shares available for purchase in the market by investors. ...

Basic facts

Bank of China branch in Dalian, China

• It has over RMB 3 trillion in assets, making it in the Fortune Global 500 for the past 17 years.
• It is the no.2 lender in China overall, the no.1 lender to non-institutions, and the no.1 foreign exchange lender. (The no.1 lender in China is the Industrial and Commercial Bank of China)
• In 2002, it made RMB52.7 billion profit, an increase of over 20 per cent from the previous year.

Image File history File links Download high-resolution version (1024x768, 256 KB) Bank of China, Zhongshan Square, Dalian, China Photo by Elizabeth Thomsen, taken on July 15, 2006 http://www. ... Image File history File links Download high-resolution version (1024x768, 256 KB) Bank of China, Zhongshan Square, Dalian, China Photo by Elizabeth Thomsen, taken on July 15, 2006 http://www. ... Dalian (Simplified Chinese: ; Traditional Chinese: ; pinyin: Dàlián; Japanese: Dairen; Russian: Далянь, Dalian or Дальний, Dalny) is the governing sub-provincial city in the eastern Liaoning Province of Northeast China. ... Industrial and Commercial Bank of China (ICBC) (Chinese: ; pinyin: Zhōngguó Gōngshāng Yínháng) is the largest of Chinas Big Four state-owned commercial banks, the other 3 banks being the Bank of China, Agricultural Bank of China, and China Construction Bank, and one of the...

Ownership

• As of June 7, 2006, following the Hong Kong IPO, the ownership of the Bank of China (SEHK:3988) was :
  • Central Huijin Investment: 69.265%
  • RBS China: 8.467%
  • AFH Pte. Ltd. (a wholly owned subsidiary of Temasek): 4.765%
  • SSF: 4.576%
  • UBS AG: 1.366%
  • ADB: 0.205%
  • Investors who received H shares from the Global Offering (IPO): 11.356%

Wikipedia does not yet have an article with this exact name. ... Central Huijin Investment Company Limited (Simplified Chinese: 中央汇金投资有限责任公司)is an investment company owned by the government of the Peoples Republic of China, and administrated through the Ministry of Finance. ... The Royal Bank of Scotland Group plc (LSE: RBS) is the successor to The Royal Bank of Scotland (Scottish Gaelic: [1]), founded in 1727 by Royal Charter of King George I.[2] Based in Edinburgh, it is a banking and insurance holding company. ... Temasek Holdings is the investment arm of the Singapore government and owned 100% by the Ministry of Finance. ... UBS AG (NYSE: UBS; SWX:UBSN; TYO: 8657 ) is a financial services company, headquartered in Basel and Zürich, Switzerland. ... The Asian Development Bank (ADB) is a multilateral development finance institution dedicated to reducing poverty in Asia and the Pacific. ...

Operations outside of (mainland) China

New York branch.

Bank of China building in Singapore

Bank of China operates as a private enterprise outside of China, but still linked with the state-owned BOC in China. Image File history File linksMetadata Size of this preview: 800 × 470 pixel Image in higher resolution (2578 × 1514 pixel, file size: 2. ... Image File history File linksMetadata Size of this preview: 800 × 470 pixel Image in higher resolution (2578 × 1514 pixel, file size: 2. ... Image File history File linksMetadata Download high resolution version (2592x1944, 2004 KB) Summary Bank of China building in Singapore. ... Image File history File linksMetadata Download high resolution version (2592x1944, 2004 KB) Summary Bank of China building in Singapore. ...

BOC started operations in Hong Kong in 1917 and has become a major player, challenging British banks in the territory. It became note-issuing bank Hong Kong in 1994; in Macao, it has had note-issuing bank status since 1995 Year 1917 (MCMXVII) was a common year starting on Monday of the Gregorian calendar (see link for calendar) or a common year starting on Tuesday of the 13-day slower Julian calendar (see: 1917 Julian calendar). ...

The Hong Kong operations of the Bank of China were regrouped into Bank of China (Hong Kong) in 2001 and later BOCHK got listed on the Hong Kong Stock Exchange in October 2002. Two-thirds of its share capital are in free float. The bank's headquarters in Hong Kong are located in the Bank of China Tower, which was designed by renowned architect I.M. Pei and was opened to the public in 1990 as the tallest building of Hong Kong at that time. Bank of China Tower The Bank of China (Hong Kong) (BOCHK, 中國銀行（香港）) (SEHK: 2388) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits, with more than 300 branches in Hong Kong. ... 2001 (MMI) was a common year starting on Monday of the Gregorian calendar. ... Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... For album titles with the same name, see 2002 (album). ... The free float of a public company is the proportion of shares available for purchase in the market by investors. ... BOC Tower at night The Bank of China Tower (short: BOC Tower; 中銀大廈) is a huge skyscraper in Central, Hong Kong. ... Ieoh Ming Pei (貝聿銘 pinyin Bèi Yùmíng) is a Chinese American architect born in Suzhou, China on April 26, 1917. ...

Bank of China became a limited company in August 2004. 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

It listed on the Hong Kong Stock Exchange (independently from BOCHK) (SEHK:3988) by floating the largest IPO in the world by any institution since 2000 on June 1st, 2006, raising US$9.7 billion. The IPO attracted HK$286 billion (USD 36.7 billion) in retail orders and was the most heavily oversubscribed in the history of the Hong Kong Stock Exchange. The offer was around 76 times oversubscribed. Although some financial analysts advised caution due to the worrying amounts of non-performing loans, this hardly deterred investors. The IPO share price started at HK$2.95 per share and jumped 15% (to HK$3.40) after the first day of trading. Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... An initial public offering (IPO) is the first sale of a corporations common shares to public investors. ... An initial public offering (IPO) is the first sale of a corporations common shares to public investors. ... An initial public offering (IPO) is the first sale of a corporations common shares to public investors. ...

The bank held another IPO on the Shanghai Stock Exchange in 2006, raising around 20 billion yuan (US$2.5 billion).

It is the most international of China's banks, with branches on every 'major' continent. Outside of mainland China, BOC also operates in 25 countries including: The highlighted area in the map is what is commonly known as mainland China. Mainland China (Simplified Chinese: ; Traditional Chinese: ; pinyin: is a geopolitical term which is usually synonymous with the area currently administered by the Peoples Republic of China (PRC); however, it excludes the two special administrative regions...

• Australia, Canada, United Kingdom, France, Germany, Italy, Luxembourg, Russia, Hungary, United States, Panama, Brazil, Japan, Republic of Korea, Singapore, Taiwan, Philippines, Vietnam, Malaysia, Thailand, Indonesia, Kazakhstan, Bahrain, Zambia, South Africa and there's also another branch office in Cayman Islands.^[2]

Although it is present in the above countries/territories, its operations outside China accounted for less than 4% of the activity of the bank by both profits and assets. Mainland China accounts for 60% of the bank by profits and 76% by assets as at December 2005.

A list of other Chinese financial sector players linked with the People's Bank of China and/or the Bank of China: The Peoples Bank of China (PBC) (Simplified Chinese: 中国人民银行; Traditional Chinese: 中國人民銀行; pinyin: Zhōngguó Rénmín Yínháng ) (not to be confused with the Bank of China or the Central Bank of China) is the central bank of the Peoples Republic of China with the power to...

• Agricultural Bank of China
• Bank of China (Hong Kong)
• China Construction Bank
• CITIC
• Industrial and Commercial Bank of China
• Ping An of China (insurance)
• Shenzhen Development Bank

The Agricultural Bank of China ( 中国农业银行, pinyin: Zhōngguó Nóngyè Yínháng ) is one of the big four banks in the Peoples Republic of China. ... Bank of China Tower The Bank of China (Hong Kong) (BOCHK, 中國銀行（香港）) (SEHK: 2388) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits, with more than 300 branches in Hong Kong. ... The China Construction Bank (CCB) SEHK: 0939 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Jiànshè Yínháng) is one of the big four banks in the Peoples Republic of China. ... China International Trust Investment Company (中國國際信托投資公司) or commonly known as CITIC is a state-owned investment company of the Peoples Republic of China, established by Rong Yiren in 1979 with the approval from Deng Xiaoping. ... Industrial and Commercial Bank of China (ICBC) (Chinese: ; pinyin: Zhōngguó Gōngshāng Yínháng) is the largest of Chinas Big Four state-owned commercial banks, the other 3 banks being the Bank of China, Agricultural Bank of China, and China Construction Bank, and one of the... Ping An (Chinese: ; pinyin: Zhōng Guó Píng An), full name Ping An Insurance (Group) Company of China, Ltd. ... Shenzhen Development Bank Co. ...

Events in 2005

In the runup to the IPO, BOC solicited long term investors to take strategic stakes in the company. In October 2005, the Royal Bank of Scotland Group PLC announced a $3.1 billion investment which would give the British bank control of just under 10 percent stake in the Bank of China. Further investments were made by Swiss bank UBS AG, and by Temasek Holdings Pte. Ltd, who also promised to subscribe for an additional $500 million worth of shares during Bank of China's initial public offering.

The Bank has been investigated by the United States in its money laundering probe related to the superdollars affair.^[3] A superdollar or super note is an almost perfect counterfeit of a United States banknote believed to be produced in North Korea. ...

Events in 2006

• Its listing, on the Hong Kong Stock Exchange on June 1, 2006 was the largest IPO in the world since 2000, and the fourth largest IPO in the world ever, raising some US$9.7 billion in the H-share Global Offering. The Over-Allotment Option was then exercised on June 7, 2006, raising the total value of their IPO to US$11.2 billion. ^[4]
• It successfully made the largest IPO in mainland China on July 5, 2006, by offering up to 10 billion A-shares on the Shanghai A Stock Exchange, or up to RMB20 billion. These were priced at RMB3.00 per share.
• BOC has bought Singapore Airlines's stake in Singapore Aircraft Leasing Enterprise

Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... June 1 is the 152nd day of the year in the Gregorian calendar (153rd in leap years), with 213 days remaining. ... For the Manfred Mann album, see 2006 (album). ... An initial public offering (IPO) is the first sale of a corporations common shares to public investors. ... June 7 is the 158th day of the year in the Gregorian calendar (159th in leap years), with 207 days remaining. ... For the Manfred Mann album, see 2006 (album). ... The Shanghai Stock Exchange is a stock exchange based in Shanghai, China. ... Singapore Airlines Limited (Abbreviation: SIA; Malay: Syarikat Penerbangan Singapura, Chinese: ; pinyin: ; abbreviated 新航) SGX: S55 is the national airline of Singapore. ... Singapore Aircraft Leasing Enterprise (SALE) is a company engaged in Commercial Aircraft Sales and Leasing, with headquarters in Singapore and offices in the UK and USA. The company provides operating lease and fleet financing solutions for airlines. ...

References

1. ^ http://money.cnn.com/2006/06/01/news/international/bc.financial.china.boc.reut/?section=money_news_international
2. ^ http://www.boc.cn/en/common/third.jsp?category=ROOT>en>Information%20Center>BOC%20Network>Overseas%20Branches&pages=1
3. ^ http://english.chosun.com/w21data/html/news/200509/200509080007.html
4. ^ http://news.xinhuanet.com/english/2006-06/01/content_4632335_2.htm

External links

• Official website