What kind of bank does Bank of Communications belong to?

Bank of Communications is a national state-owned joint-stock commercial bank. Founded in 1908, it is one of the six largest banks in China, one of the oldest banks in China and one of the modern note-issuing banks in China. 1 987 April1day, the restructured Bank of Communications officially opened to the outside world, becoming the first state-owned joint-stock commercial bank in China with its head office in Shanghai. Bank of Communications is one of the major financial service providers in China. The business scope of the Group covers commercial banks, securities, trusts, financial leasing, fund management, insurance and offshore financial services.

1. Bank of Communications is one of the major financial service providers in China. The business scope of the Group covers commercial banks, securities, trusts, financial leasing, fund management, insurance and offshore financial services. Bank of Communications has 235 branches in China, including 30 provincial branches, 7 directly affiliated branches and 99 provincial banks/KLOC-0. There are 3,270 business outlets in 239 prefecture-level and above cities and 158 counties or county-level cities; It owns seven non-bank companies, including wholly-owned subsidiaries Bank of Communications Leasing, Bank of Communications Insurance and Bank of Communications Investment, as well as holding subsidiaries Bank of Communications Fund, Bank of Communications Guo Xin, Bank of Communications Life Insurance and Bank of Communications International. In addition, Bank of Communications is the largest shareholder of Changshu Rural Commercial Bank and the largest shareholder of Tibet Bank. Strategic shareholding in Hainan Bank, holding four rural banks. 20 19 July, 20 19 Fortune Global 500 was released, ranking 150. [6] Ranked among the Top 100 Belt and Road in China, ranking 18. February 20 19, 65438 was selected as one of the top 100 brands in China Brand Power Festival. [8] In March 2020, it was selected as one of the top 500 global brands.

2. In 2004, HSBC invested nearly US$ 654.38+07 billion and acquired 654.38+09.9% equity of Bank of Communications. On June 23rd, 2005, it was listed on the Hong Kong Stock Exchange with the stock code of 3328, becoming the first commercial bank listed overseas in Chinese mainland. In August 2005, Bank of Communications Schroeder Fund Management Company and Schroeder Group, the world's top asset management company, were jointly established. It is one of the earliest bank fund companies in China. In August 2005, Bank of Communications Schroeder Fund Management Co., Ltd. was established. Bank of Communications Schroeder Fund Management Co., Ltd. was established by Bank of Communications, Schroeder Investment Management Co., Ltd. and China International Container Transportation (Group) Co., Ltd., holding 65%, 30% and 5% shares respectively.