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What does the Bank of China do?
The full name is China Bank Co., Ltd., and its head office is located at Fuxingmennei Street 1. It is one of the four largest state-owned commercial banks in China (excluding Hongkong, Macau and Taiwan Province Province), ranking third in scale. The business scope of China Bank covers commercial banks, investment banks and insurance fields, and it has holding financial institutions such as Bank of China Hong Kong, Bank of China International and Bank of China Insurance, providing comprehensive and high-quality financial services to individuals and corporate customers all over the world. In terms of core capital, in 2007, Bank of China ranked 9th in Banker magazine's "Global 1000 Big Banks".
China Bank mainly engages in traditional commercial banking business, including corporate finance business, personal finance business and financial market business. Corporate finance business is based on the core credit products of banks, providing personalized and innovative financial services to customers. Personal financial business mainly aims at the financial needs of individual customers and provides system services based on bank cards. The financial market business mainly provides comprehensive services such as international exchange, fund settlement, interbank lending and custody for other banks, securities companies and insurance companies around the world.
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