Bank Profile

Bank of Communications Co., Ltd

    Founded in 1908, the Bank is one of banks with the longest history in modern China. The Bank reopened after reorganization on 1 April 1987 and became 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. In 2023, the Bank ranked 9th among global banks in terms of tier-1 capital.

    Guided by the strategic goal of “building a world-class banking group with distinctive advantages”, the Group regarded green finance as the keynote for operation development, continued to build four major business characteristics, which include inclusive finance, trade finance, sci-tech finance and wealth finance. The Group continuously improved the five professional capabilities of customer management, technology leadership, risk management, co-operation and resource allocation. With the construction of “Shanghai Base” and digital transformation as strategic breakthroughs, the Group was guided towards a high-quality development.

    Upon approval by the NAFR, the Bank provides comprehensive financial services including deposits and loans, supply chain finance, cash management, international settlement and trade financing, investment banking, asset custody, wealth management, bank cards, private banking, treasury businesses, etc. for 2.6192 million corporate customers and 192 million retail customers through online service channels such as mobile banking and online banking, as well as over 2,800 domestic outlets and 23 overseas branches (subsidiaries) and representative offices. The Group is involved in businesses such as financial leasing, fund, wealth management, trust, insurance, overseas securities, and debt-to-equity swap through wholly-owned or controlling subsidiaries.

    As a long-standing large-scale state-owned banking group with a long history, the bank will always keep in mind the “country's most fundamental interests”, maintain strategic stability, strengthen comprehensive risk controls, practice the concept of “providing finance for the people”, strive to provide high-quality services to our customers, create more value for shareholders, build a happy home for employees, and make greater contributions to society.

Bank of Communications, Co., Ltd. Hong Kong Branch

    Bank of Communications Co., Ltd. Hong Kong Branch (the “Bank of Communications Hong Kong Branch”) was established in 1934 and has been operating in Hong Kong for 90 years, with the longest history and the largest overseas branches of the Bank of Communications.

    In accordance with the regulatory requirements of the Hong Kong Monetary Authority, in January 2018, the banking business of the Bank of Communications in Hong Kong was split into Bank of Communications Hong Kong Branch and Bank of Communications (Hong Kong) Limited (“Bank of Communications (Hong Kong)”). Bank of Communications Hong Kong Branch mainly provides diversified and comprehensive corporate financial service solutions for major corporate customers, including corporate project financing and linkage solutions, cross-border trade settlement and financing services, cross-border cash management solutions, syndicated loans, mergers and acquisitions, debt capital markets and structured finance services, treasury products trading and market risk hedging solutions, etc..

    In recent years, under the unified deployment of the Group, Bank of Communications Hong Kong Branch has strengthened its functions, made distinctive features and innovated measures in serving major national strategies such as RMB Internationalization and the development of the Guangdong-Hong Kong-Macao Greater Bay Area, as well as supporting the consolidation and enhancement of Hong Kong's status as an international financial center. Meanwhile, it has been appointed by the Ministry of Finance of the People's Republic of China as the exclusive issuer and deposit agent for the institutional portion of RMB sovereign bonds as well as the fiscal agent for 15 consecutive years.

    In the future, Bank of Communications Hong Kong Branch will continue to inherit and carry forward the brand and cultural heritage of Bank of Communications' 90 years of deep cultivation in Hong Kong, and make better use of Hong Kong's resource endowment and location advantages to better serve high-level of opening up to the whole world, focus on effectively promote the "five priorities" of finance, to support the construction of Hong Kong as an international financial center, and to assist Hong Kong's economic development and people's livelihoods construction. Aiming at operating results that fully reflect Hong Kong's regional financial background, Bank of Communications' advantages and characteristics, and the development as a world-class bank, the responsibilities of being one of the leading state-owned financial institutions as the main force in serving the real economy and as the ballast stone for maintaining finance stability are actualized.