In 1917, Bank of China established its presence in Hong Kong. A century ago, our scale was small with fewer than 10 employees. Today, we are a mainstream banking group with the most extensive branch network in Hong Kong. We have not only played a vital role in Hong Kong’s economic development but also contributed to its stability and prosperity.
Bank of China (Hong Kong) Limited (“Bank of China (Hong Kong)” or “BOCHK”) is a locally incorporated licensed bank. In 2001, the Bank of China Group in Hong Kong was restructured. We combined the businesses of 10* of the 12 banks in Hong Kong originally belonged to the Bank of China Group. In addition, we held shares in Nanyang Commercial Bank, Limited (“NCB”), Chiyu Banking Corporation Limited (“Chiyu”) and BOC Credit Card (International) Limited, all of which incorporated in Hong Kong. To implement the overseas development strategy of Bank of China Group, we completed disposal of all of our interests in NCB and Chiyu in May 2016 and March 2017 respectively. In addition, we strive to drive our regional development by expanding our business in the Southeast Asian region. Our branches and subsidiaries have been extended to Southeast Asian countries such as Thailand, Malaysia, Vietnam, the Philippines, Indonesia, Cambodia, Laos and Brunei, with the provision of professional and high-quality financial services to local customers. We will also expedite our development into a top-class, full-service and internationalised regional bank.
BOCHK has strong market positions in all major businesses. We have the most extensive local branch network and diverse service platforms in Hong Kong, including approximately 200 branches, 270 automated banking centres, efficient e-channels of over 1,000 self-service machines, as well as Internet and Mobile Banking services. We offer a comprehensive range of financial, investment and wealth management services to personal, corporate and institutional customers. BOCHK is one of the three note-issuing banks and the sole clearing bank for Renminbi (“RMB”) business in Hong Kong. With our strong RMB franchise, we are the first choice for customers in this business. Through the deep collaboration with our parent bank, Bank of China, we provide a full range of high-quality cross-border services to multinationals, cross-border customers, mainland enterprises going global, central banks and super-sovereign organisations.
BOC Hong Kong (Holdings) Limited, BOCHK’s holding company was incorporated in Hong Kong on 12 September 2001. We began trading on the main board of the Stock Exchange of Hong Kong on 25 July 2002 and we are one of the largest listed companies and commercial banking groups in Hong Kong, with stock code "2388", ADR OTC Symbol "BHKLY".
* The 10 banks include Bank of China Hong Kong Branch, the Hong Kong branches of the seven banks incorporated in the Mainland of China (The Kwangtung Provincial Bank, Sin Hua Bank Limited, The China & South Sea Bank Limited, Kincheng Banking Corporation, The China State Bank Limited, The National Commercial Bank Limited and The Yien Yieh Commercial Bank Limited), as well as two locally-incorporated banks, Hua Chiao Commercial Bank Limited and Po Sang Bank Limited.