Established
on 1 October 2001, Bank of China (Hong Kong) Limited (referred to as
Bank of China (Hong Kong) or BOCHK) is a locally incorporated licensed
bank. It has combined the businesses of ten* of the twelve banks in
Hong Kong originally belonging to the Bank of China Group. In addition,
it holds shares in Nanyang Commercial Bank Limited and Chiyu Banking
Corporation Limited, both of which are incorporated in Hong Kong, as
well as BOC Credit Card (International) Limited.
Bank of China (Hong Kong) is a leading listed
commercial banking group in Hong Kong in terms of assets and customer
deposits. With over 260 branches, more than 570 ATMs and other
distribution channels in Hong Kong, BOCHK and its subsidiaries offer a
comprehensive range of financial products and services to personal and
corporate customers. BOCHK is one of the three note issuing banks in
Hong Kong. In addition, BOCHK Group (comprising BOCHK, Nanyang
Commercial Bank and Chiyu Banking Corporation) and its subsidiaries
have 31 branches and sub-branches in the Mainland of China to provide
cross-border banking services to customers in Hong Kong and the
Mainland. BOCHK is appointed by the People's Bank of China as the
Clearing Bank for Renminbi business in Hong Kong. On 13 July 2010, BOCHK
was authorised as the Clearing Bank of RMB banknotes business for
the Taiwan region.
BOC Hong Kong (Holdings) Limited (the Company) was incorporated in
Hong Kong on 12 September 2001 to hold the entire equity interest in
BOCHK, its principal operating subsidiary. After a successful global
IPO, the Company began trading on the main board of the Stock Exchange
of Hong Kong on 25 July 2002, with stock code "2388", ADR OTC Symbol
"BHKLY".
* Ten 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.
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