Bank of Communications

Bank of Communications, founded in 1908, is the oldest modern commercial bank in China's history. In June 2005, Bank of Communications was successfully listed on the Hong Kong Stock Exchange, becoming the first state-controlled bank to complete financial restructuring, the first large commercial bank to introduce international strategic investors, and the first mainland commercial bank to be listed overseas. In May 2007, Bank of Communications successfully returned to the A-share market. From 2007 to 2012, Bank of Communications ranked among the Fortune Global 500 for five consecutive years, with revenue ranking 243rd, up 83 places from the previous year; it ranked 23rd among the world's top 1,000 banks by tier 1 capital in The Banker magazine, up 7 places from the previous year. As of the end of June 2013, Bank of Communications' total assets reached 5.71 trillion yuan, and its net profit for the first half of 2013 was 34.827 billion yuan.

Bank of Communications is a large state-owned joint-stock commercial bank headquartered in Shanghai. As of the end of June 2013, the bank had approximately 97,100 employees domestically and overseas, nearly 2,700 outlets in more than 190 cities across the country, and 12 overseas branches, including Hong Kong, New York, Tokyo, Singapore, Seoul, Frankfurt, Macau, Ho Chi Minh City, Sydney, San Francisco and Taipei branches, and Bank of Communications (UK) Co., Ltd. Bank of Communications' business scope now covers banking, securities, trust, financial leasing, funds, insurance, offshore finance and other fields. Its subsidiaries include BOCOM Financial Leasing, BOCOM International, BOCOM Schroders Fund, BOCOM International Trust, China BOCOM Insurance, BOCOM CMG Life Insurance, Anji BOCOM Village Bank, Dayi BOCOM Village Bank and Shihezi BOCOM Village Bank, etc. Bank of Communications is also the largest shareholder of Changshu Rural Commercial Bank and holds a stake in Tibet Bank.
As one of the most competitive large banks in China, Bank of Communications is striding forward toward its strategic goal of "taking the path of internationalization and comprehensive development, and building a first-class publicly held banking group featuring wealth management."