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About BANK OF CHINA Company
The Bank of China is the bank that has been operating in China for the longest time. It was formally established in February 1912 and has successively performed the functions of a central bank, an international exchange bank, and a bank specialized in international trade. After 1949, as a national bank specializing in foreign exchange and foreign trade, it operated and managed the country's foreign exchange for a long time, and carried out international trade settlement, remittance and other non-trade foreign exchange services. It was restructured into a wholly state-owned commercial bank in 1994, providing a full range of financial services, and developed into a large-scale commercial bank that also operates in local and foreign currencies, has a complete range of businesses, and is strong in strength. It took the lead in successfully listing on the Hong Kong Stock Exchange and Shanghai Stock Exchange in 2006, becoming the first “A+H” listed bank in China. The Bank of China is the only official banking partner of the 2008 Beijing Summer Olympics and the 2022 Beijing Winter Olympics, and the only “Double Olympic Bank” in China. In 2011, the Bank of China became the first globally systemically important bank in an emerging economy. It has now been selected for 12 consecutive years, and its international status, competitiveness, and comprehensive strength rank among the world's largest banks. In 2021, the Bank of China prepared the Group's “14th Five-Year Plan” to identify positions and comparative advantages in the domestic cycle and the domestic and international dual cycle, focus on developing eight major types of finance, including technology finance, green finance, inclusive finance, cross-border finance, consumer finance, wealth finance, supply chain finance, and county finance, accelerate the construction of a strategic development pattern dominated by domestic commercial banks and global integration as the two wings, opening a new chapter in striving to build a world-class modern banking group. The Bank of China is the bank with the highest degree of globalization and integration in China. It has institutions in mainland China and 62 overseas countries and regions, and the Hong Kong and Macau branches of the Bank of China act as local banknote issuers. The Bank of China has a relatively complete global service network, forming a comprehensive service platform covering various fields such as investment banking, direct investment, securities, insurance, funds, aircraft leasing, asset management, financial technology, financial leasing, and financial leasing, providing customers with “one point access, global response, and integrated service” financial solutions. The Bank of China is a bank with a lofty sense of mission and responsibility. Looking at its development history over the past 111 years, the Bank of China has always been deeply attached to and dedicated to the nation, continuously striving for the country's prosperity, strength, and national rejuvenation for a hundred years; always rooted in the people, excellent service, and fulfilling the responsibility of finance for the people, enriching the people, benefiting the people, and convenience; always keeping the world in mind, openness and inclusiveness, mobilizing the two resources at home and abroad to serve the two-way interaction between China and the world; always following the rules, creating steadily, and developing in good faith. In the new journey of comprehensively building a modern socialist country, the Bank of China, as a large state-owned commercial bank, will adhere to Xi Jinping's ideology of socialism with Chinese characteristics in the new era as its guide, carry forward the fine tradition of “century-old stores” pursuing excellence, fully, accurately and comprehensively implement the new development concept, serve to construct a new development pattern, consciously assume the lofty mission of “integrating the world and benefiting society”, and carry out the values of “excellent service, steady creation, openness and inclusiveness, collaboration and win-win”, accelerate the construction of a world-class modern banking group with Chinese characteristics, help promote China's modernization High economic and social quality Development has made new and greater contributions to the comprehensive promotion of the great rejuvenation of the Chinese nation.
Chinese Banks' Net External Financial Assets Hit $125.5 Billion in Q2
The total external financial assets of Chinese banks reached $1.5 trillion by the end of June, with external liabilities totaling $1.38 trillion, resulting in net external assets of $125.5 billion, a
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