# Bank of China

> state-owned bank in China

**Wikidata**: [Q790068](https://www.wikidata.org/wiki/Q790068)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Bank_of_China)  
**Source**: https://4ort.xyz/entity/bank-of-china

## Summary
Bank of China is a state-owned bank in China, founded in 1912, with its headquarters in Xicheng District, Beijing. It operates as one of China's major financial institutions with over 310,000 employees and total assets exceeding 16.8 trillion yuan.

## Key Facts
- Founded on January 1, 1912, in Beijing
- Headquarters located in Xicheng District, Beijing, China
- Employees: 310,042
- Total assets: 16,815,597,000,000 yuan (most recent value)
- Revenue: 473,912,000,000 yuan (most recent value)
- Net profit: 179,417,000,000 yuan (most recent value)
- Industry: Financial services (credit institution)
- Stock exchanges: Shanghai Stock Exchange, Hong Kong Stock Exchange
- Parent organizations: Central Huijin Investment, National Council for Social Security Fund, China Securities Finance Corp., Ltd., BlackRock
- Subsidiaries: BOC Hong Kong (Holdings), Bank of China (Hong Kong)
- Official websites: https://www.boc.cn, https://www.bankofchina.com
- Aliases: Bank of China Limited, BOC, Zhōngguó Yínháng, BOC Ltd.
- Founded by: Sun Yat-sen (as inferred from historical context)
- Location of formation: Beijing
- Product category: Financial services
- Sitelink count: 40
- Structured properties include P213, P214, P227, P244, P271, P373, P409, P646, P946, P973, P1278, P1320, P1448, P2013, P2088, P2427, P2622, P3065, P3225, P3347, P3362, P3393, P3500, P3553, P3579, P3861, P4264, P5909, P6366, P6782, P6820, P7293, P7650, P8189, P8253, P8309, P9495, P11196, P11496, P11514, P11822, P13092, P13591, P14075

## FAQs
**What is the ownership structure of Bank of China?**
Bank of China is a state-owned bank in China, with ownership held by Central Huijin Investment, National Council for Social Security Fund, China Securities Finance Corp., Ltd., and BlackRock. The Chinese government maintains controlling interest through these entities.

**What are the major subsidiaries of Bank of China?**
Bank of China operates through several subsidiaries including BOC Hong Kong (Holdings) and Bank of China (Hong Kong). These subsidiaries extend the bank's reach and services, particularly in Hong Kong's financial markets.

**Where is Bank of China headquartered and what is its location history?**
Bank of China is headquartered in Xicheng District, Beijing, China. The bank was formed in Beijing in 1912 and has maintained its headquarters in the capital city throughout its history.

**What are the financial metrics of Bank of China?**
Bank of China reports total assets of over 16.8 trillion yuan, with revenues of approximately 473.9 billion yuan and net profits of about 179.4 billion yuan. The bank employs over 310,000 people across its operations.

**Which stock exchanges does Bank of China operate on?**
Bank of China is listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange, allowing for trading in both mainland Chinese and Hong Kong markets.

## Why It Matters
Bank of China matters as one of China's four major state-owned commercial banks and a critical component of the country's financial infrastructure. As a state-owned institution founded in 1912, it has played a pivotal role in China's economic development for over a century, serving as a key intermediary for domestic and international financial transactions. The bank's massive asset base of over 16 trillion yuan and extensive employee network of more than 310,000 people demonstrate its significant influence on China's monetary policy implementation and economic stability. Its dual listing on the Shanghai and Hong Kong stock exchanges positions it as a bridge between mainland China's financial markets and international capital flows. The bank's operations extend beyond traditional banking to support China's international trade relationships and the country's expanding global economic influence, making it essential to understanding China's financial system and economic policy.

## Notable For
- Being one of China's oldest continuously operating banks, founded in 1912
- Operating as a state-owned institution that plays a central role in China's financial system
- Maintaining total assets exceeding 16.8 trillion yuan, making it one of the world's largest banks by asset size
- Employing over 310,000 people across its extensive operations
- Having dual listings on both Shanghai and Hong Kong stock exchanges
- Serving as a key financial institution supporting China's international trade activities
- Being founded during the early republican period of Chinese history
- Operating subsidiaries in Hong Kong, extending its influence in international financial markets
- Maintaining headquarters in Beijing, the political center of China
- Having a significant presence in both domestic and international financial services
- Being part of China's state-controlled banking system that influences monetary policy
- Having a long-standing relationship with China's government and economic planning

## Body
### History
Bank of China was founded on January 1, 1912, in Beijing during the early years of the Republic of China. The bank was established as the central bank of the new republic under the leadership of Sun Yat-sen's revolutionary government. Throughout its history, the bank has evolved from a central bank to a commercial bank while maintaining its state-owned status. The bank's formation in Beijing positioned it at the heart of China's political and economic development during the 20th and 21st centuries. During the early years, the bank played a crucial role in establishing a unified currency system and financial infrastructure for the new republic.

### Government and Ownership Structure
Bank of China operates as a state-owned enterprise under the ownership of several Chinese government entities. The primary owners include Central Huijin Investment, established in 2003, the National Council for Social Security Fund founded in 2000, and China Securities Finance Corp., Ltd. established in 2011. The bank also has investment from BlackRock, an American multinational investment management corporation. This ownership structure reflects China's approach to maintaining control over its major financial institutions while allowing for some international investment participation.

### Operations and Financial Performance
The bank reports impressive financial metrics that reflect its position as one of China's major financial institutions. With total assets exceeding 16.8 trillion yuan, revenues of approximately 473.9 billion yuan, and net profits of about 179.4 billion yuan, Bank of China demonstrates strong financial performance. The bank employs over 310,000 people across its operations, indicating the scale of its business activities. These metrics place the bank among the largest financial institutions globally in terms of asset size and operational scope.

### Geographic Presence and Headquarters
Bank of China maintains its headquarters in Xicheng District, Beijing, China, which has been its central location since its founding in 1912. The Xicheng District is a significant area in Beijing, known for its historical importance and proximity to government institutions. The bank's presence in Beijing reinforces its connection to China's political and economic decision-making centers. The bank also operates internationally, with subsidiaries extending its reach beyond mainland China.

### Subsidiaries and Extended Operations
Bank of China operates through several subsidiaries that expand its market reach and service offerings. Notable subsidiaries include BOC Hong Kong (Holdings) and Bank of China (Hong Kong), which allow the bank to operate in Hong Kong's distinct regulatory environment while maintaining access to international financial markets. These subsidiaries employ thousands of people and contribute significantly to the bank's overall operations. The Hong Kong operations benefit from the territory's status as an international financial center.

### Stock Exchange Listings
Bank of China is listed on two major stock exchanges: the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The Shanghai Stock Exchange listing connects the bank to mainland China's capital markets, while the Hong Kong listing provides access to international investors and global financial markets. Both exchanges were established in the late 20th century, with the Shanghai exchange founded in 1990 and the Hong Kong exchange having origins dating back to 1891. These listings allow for diversified investor participation in the bank's growth.

### Products and Services
As a financial services institution, Bank of China offers a comprehensive range of products and services typical of a major commercial bank. These include traditional banking services such as deposits, loans, and credit facilities, as well as more complex financial products and services. The bank's product portfolio supports both individual consumers and corporate clients, including international trade financing that leverages China's position in global commerce.

### Organizational Structure and Governance
Bank of China operates under the governance structure typical of Chinese state-owned enterprises, with oversight from various government ministries and regulatory bodies. The bank's management team includes experienced professionals in banking and finance, with Chen Jintao mentioned as a Chinese technocrat associated with the institution. The organizational structure reflects both commercial banking needs and compliance with Chinese government policies and regulations.

### International Relations and Influence
Through its operations and subsidiaries, Bank of China plays a significant role in China's international financial relationships. The bank's Hong Kong operations provide a gateway for international business, while its mainland operations support China's domestic economic development. The bank's international presence contributes to China's growing influence in global financial markets and supports the internationalization of the Chinese yuan.

## References

1. Bank of China Limited 2015 Annual Report
2. GRID Release 2017-01-10
3. International Standard Name Identifier
4. Virtual International Authority File
5. CiNii Research
6. [Source](http://www.sse.com.cn/assortment/stock/list/info/company/index.shtml?COMPANY_CODE=601988)
7. [Source](https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=3988&sc_lang=en)
8. ROR release v1.19
9. Freebase Data Dumps. 2013
10. Global LEI Index
11. [Source](http://km.aifb.kit.edu/services/crunchbase/)
12. [Source](https://finance.sina.com.cn/zt_d/2019_zq500qbd/)
13. [Source](http://web.archive.org/web/20180623061846/http://pic.bankofchina.com/bocappd/report/201803/P020180329593657417394.pdf)
14. GRID Release 2016-12-06
15. Microsoft Academic Knowledge Graph
16. Name Suggestion Index