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 Bank for developing the country's industries". In order to expand business to the overseas arena, the Bank opened its first Hong Kong Branch on 27 November 1934. The Hong Kong Stock Exchange (Chinese: 香港交易所, also 港交所; abbreviated as SEHK and HKSE; HKEx: 0388) is the stock exchange of Hong Kong. ... Simplified Chinese characters (Simplified Chinese: 简体字; Traditional Chinese: 簡體字; pinyin: jiǎntǐzì; also called 简化字/簡化字, jiǎnhuàzì) are one of two standard character sets of printed contemporary Chinese written language. ... Traditional Chinese characters are one of two standard character sets of printed contemporary Chinese written language. ...

Following the State Council's decision to restructure the Bank in 1986, the Bank was then restructured and re-commenced operations on 1 April 1987. Since then, its Head Office has been relocated from Beijing to Shanghai. (help· info), a city in northern China, is the capital of the Peoples Republic of China (PRC). ... Shanghai (Chinese: 上海 pinyin: (help· info); Shanghainese: Zanhe ) , situated on the banks of the Yangtze River Delta, is Chinas largest city. ...

Today, the Bank of Communications is amongst the top 5 leading commercial banks in China and has an extensive network of over 2,800 branches covering over 80 major cities. Apart from Hong Kong, the Bank has also established overseas branches in New York, Tokyo, Singapore and representative offices in London and Frankfurt. As of end-2002, the Bank had over 45,000 employees and a total asset reaching RMB 766.874 billion. The Bank was awarded "The Best Bank in China" by international acclaimed magazines Euromoney and Global Finance in 1998 and 1999 respectively. According to the latest ranking of 1000 banks worldwide conducted by the authoritative magazine The Banker, Bank of Communications was ranked 94th, its first time to join the Top-100 list. In addition, the Feb 2003 edition of The Banker also ranked Bank of Communications 92nd amongst the 100 most efficient lending banks of the world. A commercial bank is a type of financial intermediary and a type of bank. ... Official language(s) None, English de facto Capital Albany Largest city New York City Area  - Total  - Width  - Length  - % water  - Latitude  - Longitude Ranked 27th 141,205 km² 455 km 530 km 13. ... View of Tokyos Shibuya district Long a symbol of Tokyo, the Nijubashi Bridge at the Imperial Palace. ... London is the capital city of the United Kingdom and of England. ... â–¶ (help· info) is the largest city in the German state of Hesse and the fifth-largest city in Germany. ... In business and accounting an asset is anything owned which can produce future economic benefit, whether in possession or by right to take possession, by a person or a group acting together, e. ... 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. ...

Events in 2005

As of January 2005, 19.9% of the bank is owned by HSBC.HSBC Holdings Plc and its 19.9 pct-held Bank of Communications (BoComms) affiliate, will seek to acquire a brokerage in order to expand their operations in China, a HSBC spokeswoman said. The plan was part of HSBC's broader China expansion strategy, but "there is nothing further to disclose at the present." HSBC's operations in China include its own banking operations, its stake in BoComms and an eight-pct stake in Bank of Shanghai. HSBC also holds a 19.9% stake in Ping An Insurance (Group) Co of China through its wholly-owned subsidiary HSBC Insurance Holdings. The South China Morning Post today cited Peter Wong Tung-shun, executive director at Hongkong and Shanghai Banking Corporation, as saying that the acquisition is being considered in the light of the Chinese government's reforms of the country's securities brokerages. This includes a provision allowing foreign companies to get management control of brokerage firms. Wong did not provide a timetable for any acquisition or identify any acquisition target. The Hongkong and Shanghai Banking Corp is a wholly-owned HSBC subsidiary. 2005 is a common year starting on Saturday of the Gregorian calendar. ... HSBC Holdings PLC (匯豐控股有限公司) (NYSE: HBC, LSE: HSBA, HKEx: 005, Euronext: HSBC) is one of the largest banking groups in the world. ... Ping An Insurance is Chinas second-largest life insurance company. ... The South China Morning Post (Chinese:南華早報; Cantonese IPA: , Jyutping: naam4 waa4 zou2 bou3; Mandarin Pinyin: nán huá zǎo bào) (also referred to as the SCMP) and its Sunday edition, the Sunday Morning Post, is the leading English language newspaper in Hong Kong published by the SCMP Group. ... The Hongkong and Shanghai Banking Corporation Limited (香港上海滙豐銀行), based in Hong Kong, is a wholly-owned subsidiary and the founding member of the HSBC Group, which is traded on several stock exchanges as HSBC Holdings PLC. It was established by the Scot Thomas Sutherland to finance trade in the Far East... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as other assets. ...

See also

• Bank of Communications Hong Kong Branch

The Bank of Communications Hong Kong Branch (Traditional Chinese: 交通銀行 香港分行) is a licensed bank in Hong Kong. ...

External links

• Bank of Communications Head Office
• Bank of Communications Hong Kong Branch