Bank Of China
Bank of China Limited (BOC) SSE: 601988 SEHK: 3988 (simplified Chinese: 中国银行; traditional Chinese: 中國銀行; pinyin: Zhōngguó Yínháng; often abbreviated as 中银 or 中行) is one of the big four state-owned commercial banks of the People's Republic of China. It was founded in 1912 by the Government of the Republic of China, to replace the Government Bank of Imperial China. It is the oldest bank in China. From its establishment until 1942, it issued banknotes on behalf of the Government of the Republic of China along with the "Big Four" banks of the period: the Central Bank of China, Farmers Bank of China and Bank of Communications. Although it initially functioned as the Chinese central bank, in 1928 the Central Bank of China replaced it in that role. Subsequently, BOC became a purely commercial bank. Its headquarters are in Xicheng District, Beijing.
In December 2010, the Bank of China New York branch began offering RMB products for Americans. It was the first major Chinese bank to offer such a product.
Read more about Bank Of China: History, Timeline of Overseas Activities, Hong Kong, Basic Facts, Banknotes, Ownership, Guarantee Scandal in Poland
Famous quotes containing the words bank of, bank and/or china:
“... an adamantine island chained to the shifting bank of the Channel.”
—Christina Stead (1902–1983)
“People get a bad impression of it by continually trying to treat it as if it was a bank clerk, who ought to be on time on Tuesday next, instead of philosophically seeing it as a painter, who may do anything so long as you don’t try to predict what.”
—Katharine Whitehorn (b. 1926)
“Ever since I was a little girl, I’ve, I’ve dreamed of havin’ my own things about me. My spinet over there and a table here. My own chairs to rest upon and a dresser over there in that corner, and my own china and pewter shinin’ about me.”
—Frank S. Nugent (1908–1965)