BNET Industries

Last Fiscal Year Sales:$15.8B
- Private
- US
Dow Jones Description
Bank of China knows all about old money. Founded in 1912 and headquartered in Beijing, China, the Bank of China is the oldest bank in the country with a presence in all major continents. Corporate and retail banking are a few of its dealings, though its primary focus is on commercial banking. Credit card operations, insurance and investment banking services are also provided. The company has annual revenue of about $18 billion and employs approximately 182,000 people. Bank of China has been listed in the Fortune Global 500 for 15 consecutive years.
Chairman & President
Xiao GangNumber of Employees 181,894
Contact Information
Beijing
(86) 1066596688
Peer Companies
NAICS Code International Trade Financing: 522293
Recent Events
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Bank of China earnings up 19pc on increased lending
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BOCHK sued over minibonds
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UPDATE 1-Taiwan, China set to sign financial MOU in Oct -paper
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Citi and Bank of China Sign RMB Remittances Agreement
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BoC to purchase controlling stake of Standard Life's Chinese JV, hearsay
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BOCHK surges after results spur analyst upgrades
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Fears of shrinking bank lending hit China shares; HK stocks drop
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China shares drop on worries liquidity might fall
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ReneSola Ltd SOL reports 2nd Quarter ending June 2009 above estimates
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CORRECTED - CORRECTED-UPDATE 2-Int'l Ferro gets 500 mln rand bank facility,
News & Analysis
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bank of china - All News and Analysis
Standard Life Sells JV To Bank Of China: Is This Deal An Asset-Swap Or A Mountain Of Cash?
Wednesday, U.K. insurer Standard Life said that it is selling part of its stake in its Chinese joint venture Heng An Standard Life to Bank of China. Standard Life didn't go into reasons for its sale, or the amount the joint venture is being sold for. by Daniel M. Harrison
RBS raises Pounds 1.7bn in Bank of China stake sale
Royal Bank of Scotland raised 1.7bn yesterday by offloading its 4.3 per cent stake in Bank of China as it sells non-core operations and investments to reinforce its balance sheet. The sale took the form of a placing of the shares at a discount of about 7.5 per cent with...
Bank of China furious at Deutsche debt move
Investors in bank debt are threatening to boycott lenders that follow Deutsche Bank in breaking an unwritten rule and failing to exercise a call option on subordinated debt. In a co-ordinated action, angry bond investors are writing to bank treasurers and investor relations heads telling them that any...
Hong Kong
WORLD MARKETS Shares surged 4.3 per cent, their biggest single-day rally in nearly six months, with sentiment towards financials lifted by the federal takeover of troubled US mortgage lenders Fannie Mae and Freddie Mac. The Hang Seng closed up 861 points at 20,794.3, rebounding from its lowest...
Bank of China buys 30 percent of Swiss hedge fund: report
BEIJING AFP — Bank of China, one of the country's big four state-owned commercial banks, has bought a 30 percent stake in Switzerland's Heritage Fund Management HFM, state media reported Tuesday. According to the agreement, the bank will eventually increase its stake to 70 percent, while Jacques Mechelany, a...
Hundreds queue for special HK banknotes
HONG KONG AFP — Hundreds of people began queueing outside Hong Kong branches of the Bank of China on Monday, desperate to get their hands on special banknotes released to commemorate the upcoming Olympics. Hundreds gathered on pavements outside five branches of the mainland bank for an overnight wait,...
RBS chairman signals long-term investment in Bank of China
LONDON AFP — The chairman of Britain's Royal Bank of Scotland signalled in an interview published Monday that the group would hold on to its stake in Bank of China for the long-term. Gordon Pell's comments to the Financial Times came in spite of RBS's financial struggles and the...
Oly: Organisers deny online delays for Olympic tickets
AAP Sports News Australia 05-05-2008 Oly: Organisers deny online delays for Olympic tickets BEIJING, May 5 AFP - Long online delays were reported today as Chinese rushed to secure tickets for the Beijing Olympics in the final phase of domestic...
BANK OF CHINA IMPAIRED LOAN RATIO DOWN TO 3.17%
AsiaInfo Services 04-04-2008 Bank of China Impaired Loan Ratio Down to 3.17% DAZHOU, Apr 04, 2008 SinoCast via COMTEX -- Bank of China Ltd. (BOC, SHSE: 601988, and SEHK: 3988), one of the country's state-owned commercial lenders, recently announced that its impaired loan ratio...
PBC RECOVERED CNY158BN CAPITAL IN FIVE DAYS
AsiaInfo Services 04-02-2008 PBC Recovered CNY158bn Capital in Five Days BEIJING, Apr 02, 2008 SinoCast via COMTEX -- China's central bank the People's Bank of China recovered CNY 158 billion capital from March 24 to March 28, 2008, excluding CNY 192 billion of mature...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Raymond Lee Wing Hung | COO |
| Hua Qingshan | Managing Director & Executive Vice President |
| Li Zaohang | Managing Director & Executive Vice President |
| Zhang Yanling | Managing Director & Executive Vice President |
| Zhou Zaiqun | Managing Director & Executive Vice President |
| Stanley Wong Yuen-Fai | Deputy General Manager, Indus & Commercial |
| Savio Tung | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Xiao Gang | Chairman & President |
| Anthony Neoh | Board of Directors |
| Chen Muhua | Board of Directors |
| Fred Goodwin | Board of Directors |
| He Guangbei | Board of Directors |
| Liu Jinbao | Vice Chairman |
| Sun Changji | Vice Chairman & Executive Vice President |
| Wang Deyan | Board of Directors |
| Zhuang Shiping | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Bank of China-Jilin City | President | Current |
| Bank of China | Chairman & President | Current |
| Boc Hong Kong Holdings Limited | Chairman | Current |
| Bank of China | Board of Directors | Current |
| Renmin University of China | master's degree in Law | Former |
| Bank of China Yanji | President | Former |
| Bank of China-Jinzhou | President | Former |
| Bank of China-Kashi | President | Former |
| Organization | Position | Status |
|---|---|---|
| Bank of China | COO | Current |
| Organization | Position | Status |
|---|---|---|
| Bank of China | Managing Director & Executive Vice President | Current |
| Bank of China | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bank of China | Managing Director & Executive Vice President | Current |
| Bank of China | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bank of China | Managing Director & Executive Vice President | Current |
| Bank of China | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bank of China | Managing Director & Executive Vice President | Current |
| Bank of China | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bank of China | Deputy General Manager, Indus & Commercial | Current |
| Organization | Position | Status |
|---|---|---|
| Bank of China | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bank of China | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Uki Partnerships | Group Chief Executive | Current |
| Bank of China | Board of Directors | Current |
| Warsaw Transatlantic Forum | Board of Directors | Current |
| Uki Partnerships | Board of Directors | Current |
| Yorkshire Bank PLC | Chief Executive | Former |
| Clydesdale Bank PLC | Chief Executive | Former |
| Touche Ross & Co. | Partner | Former |
| Yorkshire Bank PLC | Director | Former |
| Clydesdale Bank PLC | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Hong Kong International Airport | Current | |
| Bank of China | Board of Directors | Current |
| Bank of China | Chief Executive | Former |
| Bank of China | Vice Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Bank of China | Vice Chairman | Current |
| Bank of China | Vice Chairman | Current |
Savio Tung takes on this non-executive role as a complement to his existing executive role as Managing Director and Head of the Technology Investment Group at the global investment firm Investcorp, which remains unchanged. Mr. Tung has served on the boards of many of Investcorp portfolio companies, including Club Car, Circle K, Saks Fifth Avenue, Simmons Mattresses, Star Market, Stratus Computer, CSK Auto and Utimaco. He is currently a board member of Vaultus, Wireless Telecom Group and Viewlocity. He is also a board member and treasurer of the Aaron Diamond AIDS Research Center, an affiliate of Rockefeller University, and a member of the Committee of 100. Mr. Tung was born in Hong Kong. He attended secondary school in Hong Kong until he was 16 years of age, when he moved to, and studied in, the United States. He holds a BSc in Chemical Engineering from Columbia University of New York. He is a trustee of Columbia University. He is also on the board of the Columbia Investment Management Company, chairs the Finance Committee of Columbia University and is a member of the Columbia University Medical Center ("Health Science") Committee.
| Organization | Position | Status |
|---|---|---|
| Investcorp, Inc. | Managing Director | Current |
| Investcorp | Managing Director | Current |
| Investcorp, Inc. | Head of Technology Investment | Current |
| Columbia University | Trustee | Current |
| Magnum Semiconductor, Inc. | Head of Technology Investment, Investcorp | Current |
| Vaultus | Chairman | Current |
| Wireless Telecom Group, Inc. | Chairman | Current |
| Stratus Computer, Inc. | Board Member | Current |
| Dialogic Corporation | Board Director | Current |
| Magnum Semiconductor, Inc. | Board Director | Current |
| Bank of China | Director | Current |
| CSK Auto Inc. | Board Member | Current |
| Saks Fifth Avenue Enterprises | Board Member | Current |
| Viewlocity Inc. | Board Member | Current |
| Circle K | Board Member | Current |
| Wireless Telecom Group, Inc. | Board Member | Current |
| Club Car, Inc. | Board Member | Current |
| Vaultus | Board Director | Current |
| Investcorp | Head of the Technology Investment Group | Former |
| Chase Manhattan | Senior Banker | Former |
| Columbia University | BS In Chemical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Bank of China | Vice Chairman & Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Bank of China | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bank of China | Board of Directors | Current |
Industry Transcripts by Seeking Alpha
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21st Century Holding Company Q3 2009 Earnings Call Transcript
on Nov 06, 2009about TCHC
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The PMI Group, Inc. Q3 2009 Earnings Call Transcript
on Nov 06, 2009about PMI
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First Financial Bancorp. Q3 2009 Earnings Call Transcript
on Nov 06, 2009about FFBC
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Fortress Investment Group LLC Q3 2009 Earnings Call Transcript
on Nov 06, 2009about FIG
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Markel Corporation Q3 2009 Earnings Call Transcript
on Nov 06, 2009about MKL
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Bank of China
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