5. Bank of China

Bank of China Limited is one of the 5 biggest state-owned commercial banks in China. It was founded in 1912 by the then government to replace the imperial bank of China. It is the oldest bank in China still in existence. As at 2009, it was the second largest lender in China overall, and the 5th largest bank in the world by market capitalization value.
The bank is trading as a public company which was founded in Beijing, China (1912). The Key people of the bank are Xiao Gang who is the chairman, Li Lihui who is the president. The bank offers the following products and services; credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management. The bank’s revenue is 413.10 billion Chinese yen as of 2011, with a net income of 124.18 billion Chinese yen as of 2011, total assets 11.829 trillion Chinese yen as of 2011. The owners of the bank include the government of the People’s Republic of China with over 288,000 employees as of 2011. The bank’s website is www.boc.cn

Ownership:

As of June 7, 2006, following Hong Kong IPO, the ownership of the Bank of China was:

• State administration of foreign exchange                                       69.265%
• RBS China                                                                                      8.467%
• AFH Pte Ltd                                                                                    4.765%
• National council for social security fund                                        4.576%
• UBS AG:                                                                                         1.366%
• ADB:                                                                                               0.205%
• Investors who received H shares from the Global Offering :         11.356%

It is the most international of China's banks, with branches on every inhabited continent. Outside of China, BOC also operates in 27 countries and areas including Australia, Canada, United Kingdom, Ireland, France, Germany, Italy, Luxembourg, Russia, Hungary, United States, Panama, Brazil, Japan, Republic of Korea, Singapore, Taiwan, Philippines, Vietnam, Malaysia, Thailand, Indonesia, Kazakhstan, Bahrain, Zambia, South Africa, and a branch office in the Cayman Islands. In December 2010, the Bank of China New York branch began offering RMB products for Americans. It was the first major Chinese bank to offer such a product. Although it is present in the above countries/territories, its operations outside China accounted for less than 4% of the activity of the bank by both profits and assets. Mainland China accounts for 60% of the bank by profits and 76% by assets as at December 2005.