Before the privatization of China Commercial Bank (60 years of the Republic of China), it was China Bank, and its predecessor can be traced back to Daqing Bank and Hubu Bank in Guangxu period of Qing Dynasty. Before the establishment of the Central Bank in the 17th year of the Republic of China, the Bank of China was entrusted with the task of acting as the treasury and issuing bank notes. After the establishment of the Central Bank, it was designated as a specialized bank for international trade and foreign exchange chartered by the government. Up to now, with professional foreign exchange experience, widely distributed global operation base and communication network, excellent asset quality and outstanding business performance, it has become a leading bank in China. Bank of Communications was established five years before the Republic of China. At the beginning of the Republic of China, he was ordered to be in charge of the national treasury revenue and expenditure, and jointly issued banknotes with the Bank of China. Industrial banks chartered by the government (in 17) and specialized industrial banks (in 64) were transformed into development banks in 68, and became private banks in 88, handling medium and long-term development credit, pioneering investment and venture capital business. Over the years, they have been committed to cooperating with the government's economic policies and economic construction plans, assisting strategic and important industrial development, and making great contributions to improving industrial structure and promoting industrial upgrading.
1990, Bank of Communications and international securities company * * * jointly established Bank of Communications Financial Holding Company, which was later merged into ZTE Bill and Billy Securities, and then joined China Property Insurance and China Commercial Bank on 199 1 year1February 3 1 day, and was renamed Zhaofeng Financial Holding Company. In order to expand its business scale and strengthen its market share, China Commercial Bank and Bank of Communications merged on1August 2, 19951and changed its name to Zhaofeng International Commercial Bank. After the merger, there are 105 domestic branches, 17 overseas branches and 2 representative offices. Together with subsidiaries and branches investing in Thailand and Canada, there are 26 overseas institutions with about 4,900 employees and total capital of 64 1. 1 billion yuan.