Bank of China.
Bank of China Limited is one of the four state-owned commercial banks in China.
The Bank of China was established on1October 24th by the order of Dr. Sun Yat-sen with the number 19 12 65438. 19 12 officially opened on February 5. China Bank was formerly a bank established by the Qing government in 1905. 1908 changed its name to Daqing Bank, responsible for sorting out the currency system, making money, issuing paper money, sorting out the national treasury, exercising the rights of the central bank, and increasing shares to attract investment. This is an attempt by the Qing government to "connect with the international community".
After its establishment, China Bank continued to assume the responsibilities of the central bank. By 1928, the National Government set up another central bank and chartered China Bank as an international exchange bank. From the very beginning, China Bank took the road of internationalization, and set up overseas branches in Hongkong, Macau, London, Osaka, Singapore and new york.
China Bank in old China is a joint-stock bank jointly run by government and businessmen. The early Bank of China did a lot of work in limiting the expenditure of Beiyang military government, resisting Yuan Shikai's suspension of foreign exchange, supporting the development of national economy, and organizing patriotic overseas Chinese to support the domestic war of resistance.
After 1935, the actual control right of China Bank has fallen into the hands of four families, which has become a tool for bureaucratic capitalism to collect money and a stain on the history of China Bank.
1949, the Military Control Committee of China People's Liberation Army took over the Bank of China. 1950 and 1 year, Premier Zhou Enlai issued an order to protect China's institutions in Hong Kong, waiting to take over. In response to Premier Zhou's call, China Bank Hong Kong Branch took the lead in the uprising and announced its acceptance of the leadership of the Beijing General Administration. Soon, branches in London, Singapore, Jakarta, Kuala Lumpur, Karachi, Mumbai, Kolkata, Yangon and other places announced that they would accept the leadership of the General Administration Office of China, thus retaining a large number of overseas assets for New China. Since then, the Bank of China has become an important part of the new China financial system.
1950 in April, the comprehensive management office of China Bank was placed under the leadership of the head office of the People's Bank of China.
1953, 10 year 10 on 27th October, the State Council, the central people's government, promulgated the Regulations on Bank of China, making it clear that China Bank is a specialized foreign exchange bank chartered by the State Council, the central people's government.
During the period of socialist revolution and construction, China Bank, as a functional department led by the People's Bank of China, used various means such as credit, settlement and exchange rate to promote the development of foreign trade, thus increasing China's foreign exchange income. Actively participate in the struggle against freezing dollar assets and resist the economic blockade of China by the US government; Support transportation departments to gradually establish ocean-going fleets, and support enterprises to improve output and quality by importing equipment and materials; Earnestly perform the duties of the national specialized foreign exchange bank and strengthen the exchange management and development with the international financial community.
1979 13 On March 3, with the approval of the State Council, the People's Bank of China established the Bank of China, and at the same time exercised the functions of the State Administration of Foreign Exchange, directly under the leadership of the State Council. The Bank of China and the State Administration of Foreign Exchange have two external brands and an internal institution, which is managed by the People's Bank of China. The comprehensive management office of China Bank was changed to the head office of China Bank, responsible for the unified operation and centralized management of foreign exchange business throughout the country.
1983 In September, the State Council decided that the People's Bank of China would exclusively exercise the functions of the central bank. Later, the Bank of China and the State Administration of Foreign Exchange were established separately, each with its own responsibilities, while the responsibility of the Bank of China for unified management of the state's foreign exchange remained unchanged. So far, China Bank has become a national specialized foreign exchange and foreign trade bank under the supervision of the People's Bank of China. At this time, the identity of China Bank has undergone a fundamental change, from a branch of the former national financial management institution, the People's Bank of China, to a for-profit enterprise.
Since the reform and opening up, China Bank has made great progress in various businesses and entered the forefront of the world's major banks. With the further deepening of the reform of the financial system, the state has relaxed its control over various banking fields. According to the deployment of the national financial system reform, 1994 foreign exchange management system reform, the national foreign exchange is managed by the State Administration of Foreign Exchange, and China Bank began to transform from a professional foreign exchange and foreign trade bank to a state-owned commercial bank. All foreign exchange banks enjoy equal status in foreign exchange business, which breaks the monopoly position of China Bank in foreign exchange business, and also marks the official end of the historical mission of the national foreign exchange management agency and the completion of the transformation to a comprehensive commercial bank.
From 1994 to 10 in 2004, China Bank, with its long history, extensive overseas network and outstanding strength and advantages in international finance and foreign exchange business, made China Bank the most internationalized bank in China, and its total profit always ranked first among domestic banks. Many authoritative international financial magazines agree that China Bank is the state-owned commercial bank with the least number of employees and the strongest profitability and risk resistance in China, and its per capita profit, per capita capital and per capita assets rank first among the state-owned commercial banks in China.
China's banking business covers commercial banks, investment banks and insurance. It owns holding financial institutions such as Bank of China Hong Kong, Bank of China International and Bank of China Insurance, providing comprehensive and high-quality financial services to individuals and corporate customers around the world. In terms of core capital, in 2005, Bank of China ranked 18 in Banker magazine's "Global 1000 Big Banks".
China Bank is mainly engaged in commercial banking business, including corporate, personal finance, treasury business and financial institutions. Based on credit products, the company is committed to providing customers with personalized and innovative financial services and financing solutions. Personal financial business mainly aims at the financial needs of individual customers, providing services including savings deposits, consumer credit, bank cards and so on. Fund business includes local and foreign currency hedging, fund management, debt hedging, domestic and foreign financing and other fund operation and management services. The business of financial institutions is to provide comprehensive services such as fund settlement, interbank lending and custody for other banks, securities companies and insurance companies around the world. As a century-old brand of China's financial industry, China Bank, while paying attention to steady operation, has been proactive and innovative, creating a number of firsts in the domestic banking industry, and has been widely recognized and praised by the industry and customers in the fields of international settlement, foreign exchange funds and trade financing.
China Bank has a long and glorious history of nearly a hundred years, which has played a very important role in the financial history of China. China Bank was established with the approval of Dr. Sun Yat-sen in 19 12. 1949 in the 37 years after the founding of People's Republic of China (PRC), China Bank was the national central bank, the international exchange bank and the specialized foreign trade bank at that time. China Bank takes honesty as the foundation, takes revitalizing the national financial industry as its own responsibility, expands the market in a difficult and war-torn environment, operates steadily, is determined to reform, and shows tenacious entrepreneurial spirit. Its banking business and operating performance have been in the leading position in the industry for a long time, and its branches have expanded overseas, leaving a brilliant chapter in the modern banking history of China.
From 65438 to 0949, China Bank became a specialized foreign exchange and foreign trade bank designated by the state, and made great contributions to the national economic construction and social development. 1994 with the deepening of the financial system reform, China Bank has become a wholly state-owned commercial bank, and together with three other wholly state-owned commercial banks, it has become the pillar of the national financial industry.
In 2003, China Bank was identified by the State Council as one of the pilot banks for joint-stock reform of wholly state-owned commercial banks. Focusing on the goal of "a modern joint-stock commercial bank with sufficient capital, strict internal control, safe operation, good service efficiency and international competitiveness", China Bank further improved its corporate governance mechanism, strengthened the construction of risk management and internal control system, integrated management processes and business processes, promoted the reform of human resources management, accelerated product innovation and service innovation, and steadily promoted the reform of the joint-stock system. On August 26th, 2004, China Bank Co., Ltd. was established, which marked a new chapter in the history of China Bank and a new voyage.
China Bank is the most internationalized commercial bank in China. 1929, Bank of China established the first overseas branch of China financial industry in London. Since then, it has successively opened branches in major financial centers around the world, and now it has a network of institutions in 27 countries and regions around the world, including domestic institutions 1 1, 307 overseas institutions and 603 overseas institutions. 1994 and 1995, China Bank became a note-issuing bank in Hong Kong and Macao. Bank of China takes the lead in introducing international management technical talents and business philosophy among domestic peers, and keeps moving towards the goal of being a world-class bank.
On July 14, 2004, China Bank stood out from the fierce competition and became the only banking partner of Beijing Olympic Games. China Bank will provide efficient and high-quality financial services to domestic and foreign customers, publicize and popularize the Olympic spirit, promote the complete success of this sports event, and enhance corporate image and social value.
China Bank's reputation and achievements over the years have been widely recognized by the industry, customers and authoritative media. It has been selected as "the best bank in China" and "the best domestic bank in China" by Eurocurrency for 8 times. For 16 years, it entered the list of Fortune Global 500 enterprises; At the same time, it was rated as "the best domestic bank in China" by the Ministry of Finance. It was rated as "the best trade financing bank in China" and "the best foreign exchange bank in China" by Global Finance magazine. Far eastern economic review was named "Top Ten Enterprises in China"; After the reorganization and listing of BOC Hong Kong, it has successively won many important awards, such as investor relations, best IPO investor relations award, best transaction and best privatized Asian financial award.
Over the past 100 years, China Bank has won the trust of customers with its steady operation, strong strength, mature products and rich experience, built excellent brands and established long-term and stable cooperative relations with customers. China Bank will adhere to the tenet of "customer-centered, market-oriented, strengthening corporate governance, pursuing excellent benefits and building a world-class big bank", and rely on its strong strength, branches all over the world, mature products and rich experience to provide customers with all-round and high-quality banking services and join hands with our customers to create a better future!
On June 1 2006, the domain name of the portal of Bank of China Limited was changed from www.bank-of-china.com to www.boc.cn.
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Industrial and Commercial Bank of China
China Industrial and Commercial Bank was established in 1984 65438+ 10/. As the government decided that the People's Bank of China would no longer carry out commercial banking business, before 1984 65438+1 October1,the personal and industrial and commercial enterprise deposits held by the People's Bank of China were set aside and China Industrial and Commercial Bank was established.
2005 is destined to be a colorful year in the development history of China Industrial and Commercial Bank. On April 8, 2005, the state approved the joint-stock reform plan of ICBC. By the end of June, the financial restructuring of China Industrial and Commercial Bank was basically completed, with a total capital of 280.6 billion yuan and an adequacy ratio of 9 12%, of which the core capital reached 252.5 billion yuan and an adequacy ratio of 8.07%. The NPL ratio of domestic and overseas institutions was 2.72%, which was reduced to 4.58%, and the provision coverage ratio reached 100%. China Industrial and Commercial Bank successfully took the first step in the shareholding system reform.
While the share reform is progressing in an orderly manner, ICBC's business development is also very good. At the end of June 2005, the total assets were 614 billion yuan, the balance of various deposits was 5,385.8 billion yuan, and the balance of various loans exceeded 3112.2 billion yuan, maintaining the largest domestic market share in major business areas. In 2004, the operating profit of ICBC's domestic and foreign institutions was 74.6 billion yuan, and in the first half of 2005, the operating profit was 465.438+0.6 billion yuan.
China Industrial and Commercial Bank was formally established on 1984 65438+ 10/month, and has a development history of 2 1 year. Its total assets, total capital, core capital, operating profit and other indicators rank first in the same industry in China, and it has unparalleled advantages in China's financial market:
The distribution of marketing network is reasonable, and it has a wide and high-quality customer base.
Through more than 265,438+0,000 domestic institutions, 65,438+0,000 overseas branches and thousands of correspondent banks all over the world, China Industrial and Commercial Bank provides all-round financial services in local and foreign currencies, including wholesale, retail, e-banking and international business, to more than 8 million corporate customers and more than 6,543.8 billion individual customers with leading information technology and electronic networks. By the end of 2004, there were more than 3,700 cash management contracted customers, providing cash management services for their 1.96 million upstream and downstream or affiliated units; There were 3.97 million individual consumer credit customers, with a loan balance of 483.9 billion yuan; The high-end product of personal financial business-wealth management account, with a total scale exceeding 1.24 million customers.
Diversified business structure, obvious product advantages and strong innovation ability.
Through the adjustment of credit industry, customers and regional structure, China Industrial and Commercial Bank has consolidated the business market of high-quality companies and institutions, successfully won a number of national key construction projects, newly developed a number of multinational companies, large-scale high-quality enterprises and institutional customers, and expanded the market of high-quality small and medium-sized enterprises.
While consolidating its advantageous fields such as local currency settlement, international settlement and agency business, ICBC has vigorously explored emerging intermediary business markets with high growth, high technology content and high added value, such as cash management, investment banking, asset custody and various wealth management, and has formed nine categories of intermediary business systems with more than 400 varieties. The income from intermediary business increased from 1996 in 2004 to19.4 billion yuan.
In 2004, RMB settlement was 150 trillion yuan, accounting for 45% of the market. Take the lead in launching the "Bank-Insurance Link" system in China. In 2004, the sales of insurance and the collection and payment of premiums amounted to 74.8 billion yuan, and the income from the bancassurance business reached 745 million yuan. The bank agency insurance market accounts for 30%. Business cooperation with the securities and futures industry covers collective asset management, financing, bank-securities linkage, bond issuance guarantee, fund settlement, etc. Formally established correspondent bank relationship with 33 domestic banking institutions, acting as agent for direct payment and authorized payment business of several central budget units. The business volume of "Yinguantong" reached 654.38+0.6 billion yuan, with 9,654.38+0.9 contracted enterprises. Exclusive agent for vehicle purchase tax account management in national tax system. In 2004, the agency securities business realized income of 790 million yuan, a year-on-year increase of 44.5%; The annual national debt was 8 1 1 billion yuan, accounting for 33.7% of the peers; The sales of agency insurance is 24.4 billion yuan, and the circulation of agency funds is nearly 30 billion yuan.
Fund settlement, acting for 8 1 of the 28 member units of Shanghai Gold Exchange, with the settlement amount of 40 billion yuan in 2004, ranking first in the fund settlement of the Gold Exchange. At the same time, it also acted as an agent for the gold and platinum transactions of 1 18 non-member units.
China Industrial and Commercial Bank is the first securities investment fund custodian bank and the first bank to obtain QFII qualification. It is also the largest custodian bank in China, with total assets of 654.38+0.23 billion yuan in custody in 2004. Among them, there are 40 securities investment funds under custody, with fund assets of 1, 128 billion yuan, accounting for 34.8% of the market. The number of custody funds and asset scale ranked first among domestic custody banks for seven consecutive years. ICBC is the first custodian of LOF (listed open-end fund) and ETF (exchange-traded fund) in China, and QFII custody clients include Credit Suisse First Boston, Daiwa Securities and Dresden Bank.
In April 2002, ICBC took the lead in establishing an investment banking business organization system among domestic peers, covering financial consultancy, syndicated loans, reorganization and merger, asset management and other businesses. In 2004, the investment bank made a profit of 65.438+0.24 billion yuan.
ICBC is active in the capital market. In 2004, through money market financing14,661100 million yuan, the central bank's bill underwriting and trading volume was 347.7 billion yuan, and the investment income was 210.90 billion yuan. The cash transaction was 262.7 billion yuan, and the income was 280 million yuan. At the end of 2004, the bank's bill financing balance was 3 123 billion yuan, and its market share rose to 27.22%. Bond investment balance1235.4 billion yuan.
At the end of 2004, the balance of personal consumption loans was 483.9 billion yuan, and the accumulated personal housing loans were170.8 billion yuan. At the end of the year, the balance of personal housing loans was 4 125 billion yuan, and it continued to maintain its position as the largest mortgage bank in China. At the end of 2004, the balance of personal automobile consumption loans was 27.3 billion yuan, and the balance of other consumption loans was 44 1 billion yuan. In that year, personal intermediary business income was 3.96 billion yuan, and personal foreign exchange wealth management business income was 210.30 billion yuan.
China Industrial and Commercial Bank of China implements specialized operation and centralized management of bank card business. At present, it has a series of international cards, credit cards, quasi-credit cards, Linksys cards and other products, and the total number of cards issued exceeds 1. 1 100 million. In 2004, it realized bank card income of 3.06 billion yuan.
Globalization development strategy
China Industrial and Commercial Bank has continuously promoted transnational operations and accelerated the construction of a balanced and coordinated development pattern of local and foreign currency and domestic and foreign businesses. By the end of 2004, China Industrial and Commercial Bank had 65,438+000 branches and holding banks in major international financial centers, with total foreign currency assets of 49.5 billion US dollars, foreign currency deposits of 30.9 billion US dollars and foreign currency loans of 28.4 billion US dollars. In 2004, international settlement business was $212.2 billion, foreign exchange fund business was $0/48.9 billion, foreign exchange settlement and sale business was $95.5 billion, and foreign exchange trading was $44.9 billion.
Industrial and Commercial Bank of China established Industrial and Commercial East Asia and ICBC Asia in Hong Kong through the merger and acquisition of international capital markets. In 2004, ICBC Asia officially acquired Wharton Fortis Bank as its wholly-owned bank and changed its name to Warburg Bank. At the end of the year, ICBC (Asia) had total assets of HK$ 99.3 billion and book profit of HK$ 760 million, ranking sixth in the banking industry in Hong Kong.
Comprehensive e-banking services
The three-dimensional e-banking service system of China Industrial and Commercial Bank, which consists of self-service banking, telephone banking, mobile banking and online banking, has become increasingly mature, and the transaction volume of e-banking business has increased rapidly, from 1.93 trillion yuan in 2000 to 38.4 trillion yuan in 2004, an increase of 20 times. In 2004, e-banking business income was 235 million yuan, and online payment transaction volume was 5.7 billion yuan. China is the largest e-commerce online payment service provider.
Application level of advanced technology
Data centralization project, full-featured banking system and data warehouse are the basis for ICBC to build an international advanced financial information technology platform. The data concentration project completed in June 5438+October 2002 10 is a pioneering work of data concentration in China's financial system. After the project is completed, all operational data of the whole bank will be concentrated in two data centers in Beijing and Shanghai. In 2004, the integration and migration were completed, and Shanghai data center became the production and operation center, and Beijing was the disaster recovery center. The total processing capacity of the data center is 17000 MIPS (millions of times per second), the total number of accounts is 480 million, and the average daily processing capacity exceeds 20 million.
Integrated business system is a super-large application software system based on integration, teller system, customer-oriented, accounting subsystem as the core, including 23 business processing subsystems such as fund remittance and settlement, personal financial business, finance, e-banking, international business, credit ledger and post-event supervision. It took the lead in establishing a unified, standard and standardized core business application platform among large domestic commercial banks, and realized the transformation of business processing mode from bank product-centric to customer-centric. On June 22, 2003, 1 1, the integrated business system was upgraded to a full-featured bank NOVA system. In addition, the data warehouse project provides a technical basis for ICBC to carry out personalized customer service and creates conditions for information management and scientific decision-making.
Relying on the information technology platform, ICBC has successively put into production a series of financial information products, such as the upgraded version of comprehensive credit management system, securities, fund business system, online banking system, mobile phone and telephone banking system, and achieved a leading edge in the application of science and technology.
The rapid development of China Industrial and Commercial Bank benefits from the continuous improvement of its management level. China Industrial and Commercial Bank implements a unified business management system for commercial banks authorized by legal persons. The head office is the business management center, capital dispatching center and leadership and command center of the whole bank, which owns the corporate property rights of the whole bank and is responsible for the efficiency, safety and liquidity of the whole bank's operations. The whole bank implements the management mode of "one-level management and two-level monitoring", and establishes the management system of risk, capital, credit, internal control and human resources of modern commercial banks on the basis of authorization and credit management.
China Industrial and Commercial Bank has the leading risk control capability in China. Under the leadership of the Risk Management Committee, comprehensive risk management including credit risk, market risk, operational risk and liquidity risk runs through the whole process of risk identification, measurement, monitoring, control, disposal and compensation. The important measures of risk control include: constantly improving the industry analysis, credit management, credit approval and monitoring and inspection system centered on the general behavior; Separate the front and back business of credit, strengthen supervision and restriction, and use the electronic comprehensive management system of credit to monitor the loan in real time; Improve the identification and investigation mechanism of new non-performing loans. Rationally allocate the total amount structure and term structure of non-credit assets of the whole bank, and establish liquidity risk early warning and emergency mechanism; Strengthen the liquidity risk management of RMB and foreign currency, and establish a system of regular liquidity reporting, analysis and forecasting; Establish and improve the interest rate risk management mechanism, increase the centralized management of funds, and use internal transfer prices to improve the efficiency and income of fund operation; Conduct bank-wide operational risk investigation, establish scientific, reasonable and effective checks and balances business processes, clarify prevention and control priorities and strengthen operational risk control. An independent internal and external audit system has been implemented, and a supervision system covering all business management activities and controlling the whole process has been basically established, and an international accounting firm has been hired to conduct external audit of the financial statements of branches.
The business performance of China Industrial and Commercial Bank has attracted worldwide attention. It has been rated as "the best bank in China", "the best local bank in China" and "the best mainland commercial bank in China" by European Currency, Banker, Global Finance, Asian Currency and Financial Asia magazines for many times, and "the most respected enterprise in China" by domestic media.
The business scope of China Industrial and Commercial Bank includes:
Debt business: RMB savings; Foreign currency savings; Savings traveler's checks; Foreign exchange loans; Inter-bank RMB and foreign exchange loans; Issue financial bonds, etc. ;
Asset business: short-term, medium-term and long-term RMB and foreign exchange liquidity loans and fixed assets loans; Foreign exchange to loan; Housing development loans; Loans with special purposes; Consumer loans (automobile consumption loans; Personal large loans for durable consumer goods; Personal housing loan); Entrusted loans and special loans; Discounting bills; National debt and policy financial bond subscription business; Inter-bank RMB and foreign exchange lending; Project loan evaluation and credit rating;
Intermediate business: RMB cash settlement and transfer settlement; International settlement; Agency business (collection and payment; Acting as an agent for the issuance, liquidation, redemption and custody of corporate bonds, stocks, treasury bonds and other securities; Gold spot trading, transaction clearing, physical delivery, gold leasing and gold project financing; Gold clearing transaction; Issuing financial bonds as an agent; Agency insurance; Acting as an agent to keep securities and valuables; Rent a safe; Acting as an agent for policy financial business or other financial institutions. ); Renminbi and foreign exchange bank card business; Information consulting business (credit investigation; Asset evaluation; Financial information consultation; Industry information network service; Certificate of RMB deposit); Foreign exchange intermediary business (import letter of credit; Import collection; Remittance remittance; Notice of coming to get the certificate; Negotiation; Collection; Remittance; Foreign exchange settlement; Selling foreign exchange; Traveler's checks; Conduct foreign exchange transactions on behalf of customers; Acceptance and discount of foreign exchange bills; Foreign exchange guarantee; Certificate of foreign exchange deposit; Acting as an agent to issue foreign currency securities other than stocks; Acting as an agent to buy and sell foreign currency securities other than stocks; Foreign currency exchange; Open a working capital account for projects that use loans from international financial organizations); Financing and performance guarantee business; Commercial banking (financing consultant and syndicated loan arrangement; Corporate financial consultant; Overseas listing of enterprises); Personal financial services; Management, custody and sales of investment funds; Other entrusted and entrusted asset management; Intermediary business such as enterprise credit rating.
China Industrial and Commercial Bank (Asia) Co., Ltd. (hereinafter referred to as "China Industrial and Commercial Bank (Asia)"), as a member of China Industrial and Commercial Bank * Group, enjoys strong support in financing, clearing, information technology and credit card business.
Industrial and Commercial Bank of China (Asia), formerly known as The United Bank of Hong Kong Limited, was established in Hong Kong in 1964 and publicly listed in Hong Kong in 1973 (stock code: 0349). Over the years, it has continuously created brand-new and diversified banking services for its customers. On August 2 1 2000, the Bank changed its name to China Industrial and Commercial Bank (Asia) Co., Ltd. and officially became a member of China Industrial and Commercial Bank Group.
In July, 20001,China Industrial and Commercial Bank injected the commercial banking business of Hongkong Branch into China Industrial and Commercial Bank (Asia), which promoted the expansion of customer base, the perfection of deposit and loan portfolio and the diversification of service product portfolio of China Industrial and Commercial Bank (Asia). Through this business transfer, the competitiveness of China Industrial and Commercial Bank (Asia) will be greatly enhanced. China Industrial and Commercial Bank (Asia) has become the flagship of China Industrial and Commercial Bank to expand its overseas business.
On April 30th, 2004, Industrial and Commercial Bank of China (Asia) acquired the retail and commercial banking business of Fortis Bank. Fortis Bank was later renamed Fortis Bank and became a wholly-owned subsidiary of Industrial and Commercial Bank of China (Asia). By 2005 10, China Industrial and Commercial Bank (Asia) was formally merged with Warburg Bank. At present, Industrial and Commercial Bank of China (Asia) ranks sixth among the listed banks in Hong Kong (by total assets).
By the 23rd of 2005 1 1, China Industrial and Commercial Bank of China (Asia) was awarded A2/Prime- 1 long/short term deposit rating and D+ bank financial strength rating by Moody's Investment Company.
Industrial and Commercial Bank of China (Asia) will continue to develop diversified banking and financial services, including various deposits and loans, trade financing, remittance, liquidation, industrial and commercial loans, syndicated loans, import and export bills, China business consulting and financing, securities business, gold trading brokerage services and insurance agents.
* China Industrial and Commercial Bank is the largest commercial bank in China (calculated by total assets). By the end of 2004, its total assets were about 5.7 trillion yuan, accounting for 65,438+08% of the total assets of banking financial institutions in China, ranking first, and maintaining the largest market share in major banking areas in China. China Industrial and Commercial Bank has nearly 22,000 outlets in China, established a global business network, set up branches in Hongkong, Singapore, Tokyo, Seoul, Busan, Frankfurt, Luxembourg and Macau, set up subsidiaries in Almaty and London, and set up representative offices in new york, Sydney and Moscow.
In 2004, China Industrial and Commercial Bank was named "Best Bank in China" by Banker magazine and Eurocurrency magazine. In the same year, China Industrial and Commercial Bank was selected as the "Best Personal Online Bank in China" by Global Finance magazine.
Industrial and Commercial Bank of China
Commercial banks handle industrial and commercial credit and urban savings business in China. 1984 1 holds. Its main business scope is: handling the deposit business of industrial and commercial enterprises, organs, groups, collective economy and individual economy, and handling the loan business of industrial and commercial enterprises; Organize savings deposits of all social strata; Entrusted by the People's Bank of China to manage the liquidity of state-owned industrial and commercial enterprises; Handle settlement and other businesses entrusted by the People's Bank of China.
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