- Business
- Bank of Beijing Co., Ltd. (601169.SS) operates as a commercial bank providing a comprehensive range of banking services to individual and corporate customers primarily in China. The company offers corporate banking products including deposits and loans, account settlement, scenario-based down payment financing, cash management, trade finance, cross-border remittance, foreign exchange settlement and derivatives, international settlement, international trade financing and loans, and international guarantees; personal banking services such as local and foreign currency deposits, personal housing loans, Jing e loans, personal consumption loans, individual operation loans, debit cards, easy payment, safe deposit boxes, outbound finance, investment and financing services, and integrated solutions like labor union mutual aid cards, Aixintong salary processing, and Jingying plan for children encompassing Xiaojing lucky money, Xiaojing cards, children's baby plans, and Jingmiao club; as well as financial market and investment banking solutions featuring domestic RMB syndicated loans, foreign-related syndicated loans, M&A loans, financial consultancy, underwriting of non-financial enterprise debt instruments, credit risk mitigation warrants, financial bonds, debt financing plans, wealth management direct financing tools, and publicly offered REITs, alongside institutional services for social security, medical treatment, and education, supported by corporate online, mobile, open bank, and WeChat banking platforms. Founded in 1996 and headquartered in Xicheng District, Beijing, the bank conducts its operations through three main segments—corporate banking, personal banking, and capital markets business—primarily within China, with subsidiaries including rural banks such as Yunnan Malong BOB Rural Bank Co., Ltd., Yunnan Xishan BOB Rural Bank Co., Ltd., and others in Yunnan province. Recent developments include a leadership change with Johannes Hermanus de Wit appointed as president in February 2025, a Fitch Ratings upgrade to BBB- in June 2025 reflecting improved credit quality, and ongoing expansions in inclusive finance, fee-income diversification, and regional wealth management hubs as part of its 2024-2025 growth strategy.