Bank of China (OTCMKTS: BACHY) is one of the oldest and most prominent state-owned commercial banks in China, tracing its roots back to 1912. Established shortly after the fall of the Qing Dynasty, the bank played a pivotal role in modernizing China’s financial system by introducing standardized banking practices and issuing the nation’s first modern banknotes. Over the decades, Bank of China has grown from a domestic institution serving government financial needs into a global banking powerhouse.
The bank’s core business activities encompass corporate banking, personal banking, investment banking, and treasury operations. In corporate banking, it provides a wide array of services including trade finance, project financing, corporate loans, cash management, and advisory services. Its personal banking division offers retail deposit accounts, consumer loans, mortgages, wealth management products, and credit card services. Additionally, Bank of China operates a comprehensive treasury and financial markets arm that specializes in foreign exchange, fixed income trading, derivatives, and structured finance.
With an extensive international network, Bank of China maintains branches and subsidiaries in more than 60 countries and regions across Asia, Europe, North America, Africa, and Oceania. Key overseas offices are located in financial hubs such as Hong Kong, New York, London, and Singapore, enabling the bank to support cross-border trade and investment flows, particularly in relation to China’s Belt and Road Initiative. Its global presence allows multinational clients to access seamless financial services and liquidity solutions worldwide.
At the helm of the bank’s leadership is Chairman Ge Haijiao, supported by President Liao Linfeng, who oversee strategic planning, risk management, and international expansion efforts. The executive team brings together experts in finance, economics, and global banking regulations, ensuring robust governance and alignment with evolving market dynamics. Under their guidance, Bank of China continues to strengthen its technological capabilities and digital banking platforms to better serve both corporate and retail customers.
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