According to Baidu Encyclopedia, Bank of China operates insurance business through its wholly-owned subsidiary Bank of China Group Insurance Co., Ltd. (hereinafter referred to as "Bank of China Group Insurance"). BOC Group Insurance is mainly engaged in general insurance business, and operates life insurance business through BOC Group Life Insurance Co., Ltd. (hereinafter referred to as "BOC Group Life Insurance") jointly held with BOC Hong Kong Holdings. BOC Group Insurance Co., Ltd. is a national property insurance company approved by the China Insurance Regulatory Commission.
The head office of China Bank is located atNo. 1 Fuxingmennei Street. It is a large state-owned bank managed by the central government and a national deputy ministerial unit.