Company
Bank of China
Official Name: Bank of China Ltd
Headquarters: Beijing, China
Employees: 309,084
Market Cap
CN¥1.271 Trillion
CNY as of July 1, 2024
US$174.85 Billion
Bank of China Categories
China Financials Banks—DiversifiedChina Financials China Banks—Diversified
Company Description
Bank of China and its subsidiaries provide various banking and financial services including corporate banking, personal banking, treasury operations, investment banking, and insurance. Services encompass current accounts, loans, trade-related products, credit facilities, foreign exchange, derivatives, wealth management products, credit and debit cards, debt and equity underwriting, insurance underwriting and agency services, and more.
Top Competitors by Market Capitalization
Industry: Banks—Diversified
| Company | Market Cap (USD) |
|---|---|
| JPMorgan | $599.29 B |
| Bank of America | $316.02 B |
| ICBC | $268.78 B |
| Wells Fargo | $211.48 B |
| Agricultural Bank of China | $209.38 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
Bank of China Limited, together with its subsidiaries, provides banking and related financial services. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other Operations. The Corporate Banking segment offers current accounts, deposits, overdrafts, loans, trade-related products and other credit facilities, foreign exchange, derivatives, and wealth management products to corporate customers, government authorities, and financial institutions. The Personal Banking segment provides savings deposits, personal loans, credit and debit cards, payments and settlements, wealth management products, and funds and insurance agency services to retail customers. The Treasury Operations segment is involved in the foreign exchange transactions, customer-based interest rate and foreign exchange derivative transactions, money market transactions, proprietary trading, and asset and liability management. The Investment Banking segment offers debt and equity underwriting, financial advisory, stock brokerage, investment research and asset management, and private equity investment services, as well as sells and trades in securities. The Insurance segment underwrites general and life insurance products; and provides insurance agency services. As of December 31, 2020, the company operated approximately 11,550 institutions, including 10,991 institutions in Chinese mainland; and 559 institutions in Hong Kong, Macau, Taiwan, and other countries. It is also involved in the aircraft leasing business. The company was founded in 1912 and is headquartered in Beijing, China. Bank of China Limited is a subsidiary of Central Huijin Investment Limited.
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Stocks & Indices
Bank of China Ltd has the following listings and related stock indices.
Stock: SSE: 601988 wb_incandescent
Stock: FSX: W8VS wb_incandescent
Stock: HKEX: 3988 wb_incandescent
Stock: OTC: BACHY wb_incandescent
Stock: OTC: BACHF wb_incandescent
Stock: FSX: W8V wb_incandescent
Product & Services
Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, Wealth Management, Credit and Debit Cards, Foreign Exchange, Derivatives, Aircraft Leasing