- Business
- Bank of China Limited (BACHF) operates as China's most internationalized state-controlled commercial bank, providing a comprehensive range of financial services including commercial banking with corporate banking, personal banking, and treasury operations; investment banking through Bank of China International Holdings Limited encompassing IPO financing, mergers and acquisitions, securities sales, derivatives, and asset management; insurance via Bank of China Group Insurance Company Limited; asset management; aircraft leasing through BOC Aviation Pte. Ltd.; direct investment and fund management; and specialized products such as trade financing (Rong Yi Da, Tong Yi Da, Rong Xin Da, Rong Huo Da), RMB and foreign currency wealth management, bank cards (Great Wall, Phoenix Miles VISA, Ctrip co-branded), payment services (Taiwan remittance, priority remittance), and cross-border RMB clearing. Founded in 1912 and headquartered in Beijing, the bank maintains over 10,000 domestic outlets in China and more than 600 overseas operations across over 50 countries and regions, including key hubs in Hong Kong, London, New York, Singapore, and Peru; it serves corporate, personal, and institutional customers worldwide with a focus on foreign exchange, Belt and Road Initiative (BRI) projects, inclusive finance, green financing, and pension services, supported by subsidiaries like Bank of China (Hong Kong) Limited, which issues notes and drives cross-border activities. In recent developments, Bank of China has expanded BRI financing with cumulative credit support exceeding USD372 billion for over 1,200 projects as of end-2024, including involvement in Peru's Chancay Port through syndicated loans; launched innovative products like non-housing consumer loans (RMB95.825 billion increase) and equipment renewal funding (over RMB120 billion); grew inclusive loans by 29.63% in balance and 39.62% in accounts; enhanced custody and trust services via partnerships such as with BOCI-Prudential Trustee (driving 60% assets under custody growth) and Manulife Investments for multi-asset income solutions; and advanced digital initiatives including e-HKD pilot completion and RMB clearing leadership.