Basic Facts
- It has over RMB6,951.68 billion in assets, making it part of the Fortune Global 500 for the past 17 years.
- It is the second largest lender in China overall, the largest lender to non-institutions, and the largest foreign exchange lender (the largest lender in China is the Industrial and Commercial Bank of China).
- In 2002, it made RMB52.7 billion profit, an increase of over 20 percent from the previous year.
- All overseas branches are only affiliated with Bank of China branches in China. That means that if you deposit money in a China branch, you cannot access your money in overseas branches.
- Bank of China, New York internet banking is available for US dollar accounts and online access to stop payments, wire transfers and remittances. Great Wall debit MasterCard is available to account holders.
- Bank of China, New York has two locations: 410 Madison (open Monday - Friday) and 42 East Broadway (open seven days). It also operates as a functional 24/7 clearinghouse for wire transfers and stop payments (allowing real time payments to China).
Read more about this topic: Bank Of China
Famous quotes containing the words basic and/or facts:
“Insecurity, commonly regarded as a weakness in normal people, is the basic tool of the actor’s trade.”
—Miranda Richardson (b. 1958)
“I’m not afraid of facts, I welcome facts but a congeries of facts is not equivalent to an idea. This is the essential fallacy of the so-called “scientific” mind. People who mistake facts for ideas are incomplete thinkers; they are gossips.”
—Cynthia Ozick (b. 1928)