History
Bank of China Ltd (BOC) is the oldest Chinese bank. It was founded in 1912. From 1912 to 1942, the bank, on behalf of the government, issued banknotes together with the major banks of that time: Central Bank of China, Farmers Bank of China and Bank of Communications. Subsequently, the Central Bank of China and the People's Bank of China were successively transferred to the functions of the central bank of China. In 1949, the bank began to specialize in internationally serving the interests of the Chinese government. In 1994 it was transformed into a state commercial bank. The bank provides a full range of banking services in China, Hong Kong, Macau, Taiwan and 37 other countries. One of the twenty largest banks in the world
Bank’s shareholders
Among the major shareholders of Bank of China are the state investment fund Temasek from Singapore, Asian Development Bank, Swiss UBS and British Royal Bank of Scotland
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