Bank of Communications, founded in 1908, is one of the oldest banks in China and one of the note-issuing banks in modern China. 1 987 April1day, the newly established Bank of Communications officially opened to the outside world, becoming the first national state-owned joint-stock commercial bank in China, with its head office in Shanghai. In June 2005, Bank of Communications was listed on the Hong Kong Stock Exchange, and in May 2007, it was listed on the Shanghai Stock Exchange.
The business scope of Bank of Communications Group covers commercial banks, offshore finance, funds, trusts, financial leasing, insurance, overseas securities, debt-to-equity swaps and asset management. By the end of June 2020, there were 245 domestic branches of Bank of Communications, including 30 provincial branches, 7 directly affiliated branches and 208 provincial branches, with 3025 outlets in 243 cities above prefecture level and 163 counties or county-level cities. Its non-bank companies mainly include its wholly-owned subsidiaries, Bank of Communications Financial Leasing Co., Ltd., Bank of Communications Insurance Co., Ltd., Bank of Communications Financial Assets Investment Co., Ltd. and Bank of Communications Financial Management Co., Ltd., and its holding subsidiaries, Bank of Communications Schroder Fund Management Co., Ltd., Bank of Communications International Trust Co., Ltd., Bank of Communications Kanglian Life Insurance Co., Ltd. and Bank of Communications International Holdings Co., Ltd. In addition, Bank of Communications is the largest shareholder of Jiangsu Changshu Rural Commercial Bank Co., Ltd. and the largest shareholder of Tibet Bank Co., Ltd.
The company's business includes: bank wealth management projects, tax payment, cash management, asset custody (securities investment fund custody, national social security fund asset custody, insurance fund custody, brokerage collective/directional asset management plan custody, enterprise annuity custody, international custody, trust fund custody, private equity fund custody, etc. ), investment banking and financing business (accounts receivable transfer, guarantee business, loan commitment letter, credit certificate, discount or agreement of buyer's interest-bearing bills). Discount of commercial bills, lending business of foreign government loans, domestic and foreign currency fixed assets loans, export tax rebate account custody loans, corporate account overdraft, domestic and foreign currency liquidity loans, interbank credit asset buyout business and interbank credit asset repurchase business).
Small business users' business includes: loan application, one-stop business service, exhibition service, Zhuoye one-stop business service, investment and financing, tax financing, scientific loan service, hand-in-hand service and benefiting farmers service.
International business includes: inter-bank services, international business services, foreign exchange financial services and foreign exchange trading services.