Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.
Bank of Communications
 | This article needs additional citations for verification. (November 2007) |
 | |
 Bocom Financial Towers, the bank's head office in Shanghai | |
Native name | 交通银行股份有限公司 |
|---|---|
| Company type | Public; state-owned enterprise |
| Industry | Financial services |
| Founded | 1908 (origin) 1986 (re-establishment) |
| Headquarters | Shanghai, China |
Key people | Niu Ximing, chairman of the board Peng Chun, President |
| Products | |
| Revenue |  CN¥144.08 billion$20.53 billion (2019)[1] |
| CN¥88.20 billion $12.57 billion (2019)[1] | |
| CN¥77.28 billion $10.78 billion (2019)[1] | |
| Total assets | CN¥10.670 trillion $1.52 trillion (2020)[1] |
| Total equity | CN¥802.54 billion $114.36 billion (2020)[1] |
| Owner |
|
Number of employees | 87,828 (2019)[3] |
| Parent | Central Government of China |
| Subsidiaries | BOCOM (Hong Kong) BOCOM International BOCOM Insurance BOCOM Leasing BOCOM Schroder[4] |
| Website | bankcomm.com |
Bank of Communications (BOCOM or BankComm) is a Chinese multinational banking and financial services corporation. It was originally established in 1908 and was one of a handful of domestic Chinese banks that issued banknotes in modern history. Following the Chinese Communist Revolution in 1949, the mainland operation of that bank were merged into the People's Bank of China and People's Construction Bank of China under the Communist single-tier banking system, while its continuation in Taiwan eventually became part of Mega International Commercial Bank.
In 1986, the Bank of Communications was revived in the mainland as a commercial credit institution. It was listed on the Stock Exchange of Hong Kong in June 2005[5] and the Shanghai Stock Exchange in May 2007.[6] The Bank was ranked No. 151 among the Fortune Global 500 in terms of operating income and No. 11 among the global top 1,000 banks in terms of Tier 1 capital rated by the London-based magazine The Banker.[7] In 2023, the company was ranked 53rd in the Forbes Global 2000.[8]
- ^ a b c d e "Annual Report 2018". Bank of Communications. Retrieved 31 May 2019.
- ^ Cite error: The named reference
BOCOM2016ARwas invoked but never defined (see the help page). - ^ "OCBC Bank Annual Report 2019" (PDF). OCBC Bank. Retrieved 23 February 2020.
- ^ "Stocks". Bloomberg News. 6 June 2023.
- ^ Bank of Communications to list in HK June 23, China Daily 2005-06-13. Retrieved 2018-06-03
- ^ "FACTBOX-China's BoCom enjoys strong Shanghai listing". Reuters. 15 May 2007. Retrieved 31 August 2022.
- ^ Bank of Communications 2019 Annual Report
- ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
Previous Page Next Page
