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Bank Profile

Bank of Communications Co., Ltd. (“BoCom”)

Founded in 1908, BoCom (Stock codes: A shares 601328, H shares 03328) is one of the note-issuing banks with the longest history in modern China. BoCom reopened after reorganization on 1 April 1987. It is 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.

 

BoCom’s development strategy is “becoming a first class listed comprehensive banking group focusing on international expansion and specializing in wealth management” (hereinafter referred to as “BoCom Strategy”); its corporate vision is “building the best wealth management bank in China”; its corporate spirit is “promote development with unremitting effort, consolidate enterprise with absolute responsibility, transcend limitations with endless creatively”; its corporate mission is to create shared value; its business philosophy is “One BoCom for One Customer”; its slogan is “A century of BoCom, your best wealth management bank”.

 

Currently, BoCom is one of the major financial services providers in China. The Bank’s business scope includes commercial banking, securities services, trust services, financial leasing, fund management, insurance, offshore financial services. As at the end of 2016, the Group’s assets reached RMB8.40 trillion, and has set up 232 domestic branches, including 30 Tier-1 branches, 7 directly operating branches of Head Office and 195 Tier-2 branches. 3,285 banking outlets have been set up in 236 prefecture-level cities or above and 167 county-level cities nationwide. There are three wholly-owned subsidiaries including BoCom International, BoCom Insurance and BoCom Leasing, and subsidiaries with controlling stake including BoCom Fund, BoCom International Trust, BoCommLife Insurance and four rural banks. Moreover, the Bank has been the largest shareholder of Jiangsu Changshu Rural Commercial Bank Co., Ltd. and the paratactic largest shareholder of Bank of Tibet Co., Ltd., and has strategically invested in stake of Bank of Hainan.

 

Currently, BoCom has set up 20 overseas banking entities in over 16 countries and regions, including branches in Hong Kong, New York, Tokyo, Singapore, Seoul, Frankfurt, Macau, Ho Chi Minh City, San Francisco, Sydney and Taipei, London Branch of BoCom/Bank of Communications (UK) Limited, Bank of Communications (Luxembourg) Limited/Luxembourg Branch of BoCom, Brisbane Branch of BoCom, Bank of Communications (Luxembourg) S.A. Paris Branch, Bank of Communications (Luxembourg) S.A. Rome Branch, Banco BBM (BoCom BBM) and representative office in Toronto, and has established 65 overseas banking outlets in total (excluding the representative office).

 

In 2016, BoCom was honored “Top 500 Global Companies” for the eighth consecutive year and was ranked No. 153 in terms of revenue by FORTUNE. It was ranked No. 13 among the global top 1,000 banks in terms of Tier-1 Capital rated by The Banker and was ranked top 20 among global banks for the third consecutive year.

 

Updated: 8th August, 2017