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Bank Profile

Bank of Communications Co., Ltd

    Founded in 1908, the Bank is one of banks with the longest history in modern China. The Bank reopened after reorganization on 1 April 1987 and became the first nationwide state-owned joint-stock commercial bank in China, with Head Office located in Shanghai. The Bank was listed on the Hong Kong Stock Exchange in June 2005 and on the Shanghai Stock Exchange in May 2007. In 2023, the Bank ranked 9th among global banks in terms of tier-1 capital.


    Guided by the strategic goal of “building a world-class banking group with distinctive advantages”, the Group regarded green finance as the keynote for operation development, continued to build four major business characteristics, which include inclusive finance, trade finance, sci-tech finance and wealth finance. The Group continuously improved the five professional capabilities of customer management, technology leadership, risk management, co-operation and resource allocation. With the construction of “Shanghai Base” and digital transformation as strategic breakthroughs, the Group was guided towards a high-quality development.


    Upon approval by the NAFR, the Bank provides comprehensive financial services including deposits and loans, supply chain finance, cash management, international settlement and trade financing, investment banking, asset custody, wealth management, bank cards, private banking, treasury businesses, etc. for 2.6192 million corporate customers and 192 million retail customers through online service channels such as mobile banking and online banking, as well as over 2,800 domestic outlets and 23 overseas branches (subsidiaries) and representative offices. The Group is involved in businesses such as financial leasing, fund, wealth management, trust, insurance, overseas securities, and debt-to-equity swap through wholly-owned or controlling subsidiaries.


    As a long-standing large-scale state-owned banking group with a long history, the bank will always keep in mind the “country's most fundamental interests”, maintain strategic stability, strengthen comprehensive risk controls, practice the concept of “providing finance for the people”, strive to provide high-quality services to our customers, create more value for shareholders, build a happy home for employees, and make greater contributions to society.



Bank of Communications (Hong Kong) Limited

    Established in January 2018, Bank of Communications (Hong Kong) Limited (“Bank of Communications (Hong Kong)”) is a wholly-owned subsidiary of Bank of Communications Co., Ltd. incorporated in Hong Kong. Bank of Communications (Hong Kong) is the largest overseas banking institution of Bank of Communications, providing diversified financial services to corporations and individuals.


    Leveraging on the rich financial services experience and extensive network coverage of Bank of Communications and its subsidiaries (the“Group”) in the Mainland and Hong Kong, and together with the subsidiaries of Bank of Communications in Hong Kong, Bank of Communications (Hong Kong) has formed a full-service, integrated business system that includes retail and private banking, corporate banking, financial markets and trustee. Recently, Bank of Communications (Hong Kong) has extensive network all over Hong Kong, offering both corporate and personal banking customers comprehensive corporate financial and wealth management services through more than 40 outlets, 90% of which are equipped with BComBEST Services Centers, a private banking centre and 7 Business Services Centers in Hong Kong.


    In recent years, under the unified deployment of the Group, Bank of Communications (Hong Kong) has optimized its advantages as a locally incorporated and integrated bank, focusing on serving the national strategy, dovetailing with the Group's planning, and plowing into the local market, and anchoring on the goal of “building a first-class regional international bank”. We will focus on four key market segments as Trade and Supply Chain Finance, Green Fin-tech Finance, Wealth Finance, and Inclusive Finance.Enhancing our cross-border, cross-market, and cross-sector customer service, value creation and overall risk management capabilities, and push forward the projects of customer infrastructure, service and brand enhancement, process re-engineering and efficiency enhancement,digital transformation and refinement of management, so as to make efforts to achieve operating results that fully reflect the regional financial background, the advantages and characteristics of Bank of Communications, as well as the development to be a world-class bank.


    In the future, Bank of Communications (Hong Kong) will continue to inherit and carry forward the brand and cultural deposits of the 90th anniversary of the Bank's deep cultivation in Hong Kong. Leveraging on Hong Kong's resource endowment and location advantages, Bank of Communications (Hong Kong) will continue to give full play to the role of a state-owned financial institution as the backbone of the real economy and the ballast for maintaining financial stability, reflecting the responsibility and commitment of a large state-owned bank. From the perspective of better serving the high level of opening up to the whole world,focus on effectively promote the "five priorities" of finance, supporting the construction of Hong Kong as an international financial center, and assisting Hong Kong's economic development and people's livelihoods, Bank of Communications (Hong Kong) will fully play the role of one of the state-owned financial institutions as the main force in serving the real economy and the ballast stone for safeguarding financial stability, and fulfill the responsibilities as a leading state-owned bank.


 

 

 


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