100 Years Anniversary-Bank Of China
History of Bank of China
Bank of China's predecessor was Treasury Bank founded in 1905. It was named the Bank of Great Qing in 1908.
In 1912, Dr Sun Yatsen, Interim President of China, authorised it to be renamed Bank of China.
Until 1949, when the People's Republic of China was founded, Bank of China had performed the function of a central bank, providing international exchange and remittance facilities.
In 1953, it was the only official government bank dealing with foreign exchange business.
In 1979, Bank of China became an entity under State Council of China.
In 1994, Bank of China was transformed into a state-owned commercial bank from being a state-owned specialized foreign exchange and foreign trade bank.
In 2004, Bank of China was transformed as Bank of China Limited.
In 2006, Bank of China Limited was subsequently listed on both Hong Kong and Shanghai Stock Exchanges, being the first Chinese commercial bank listed on these two exchanges.
In 2008, Bank of China was proudly acting as the Official Banking Partner of the 2008 Beijing Olympic Games.
Brief Introduction of Bank of China
Bank of China was the first and is only Chinese bank that has a presence on all the major continents across the globe. At present the bank offers financial services through its global network that includes more than 11000 domestic offices and 600 international offices.
In Hong Kong and Macau, Bank of China is one of the local note-issuing banks. Since its inception, Bank of China has played an important role in promoting China's economic and social progress through its active involvement in the country's international trade and financial activities. The bank has regularly been awarded for its performance on various occasions including well-known professional finance and banking magazines.