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Thursday, December 27, 2012

Bank of China

I. Introduction H eadquartered in Beijing, marge of chinaware Limited (BOC) is one of chinawares largest state-owned commercial banks. It is also one of the Chinese monetary sectors longest-standing brands. As the central bank of chinaware, the BOC plays an authorized role domestically and abroad, with operations in 27 countries ( desire of China, n.d.). Its moving in covers commercial banking, investment banking, and insurance. It also provides comprehensive financial attend to internationally. With a brand value of 104 billion, the BOC was ranked 6th by World Brand Value Lab in 2010 (Bank of China, n.d.) II. diachronic Milestones ?In 1905, the Qing government established Da Qing Hubu Bank in Beijing and renamed it as Da Qing Bank in 1908. ?In 1912, the Provisional President, Dr. Sun Yatsen, sanctioned the change of Da Qing Bank into the Bank of China, with functions as central bank. ?In 1928, the Bank of China was changed into a government chartered international exchange bank. ?In 1929, BOC London Agency was established. It also became the first overseas come apart of the Chinese banks. From then on, BOC built up its global lucre with 34 overseas branches opening within the two decades. ?In 1949, the Chinese Government took over the Bank of China.
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?In 1971, the Bank of China privatized to become the International Commercial Bank of China, which after merged with the Taiwan Bank of Communications. ?In 1984, BOC successfully issued in Japan, 20 billion yen of Samurai adhesions, which was the first overseas bond issue by modern China. ?In 1994, the Bank of China transformed itself from a specialized bank to a wider base state-owned commercial bank. ?In 2004, the Bank of China Limited was established. ?On June 1st 2006, the Bank of China Limited was listed on the Hong Kong memory board Exchange. ?In December 2010, the New York branch of BOC became the first study bank offering RMB products for Americans. (History of Bank of China, n.d.) III. Management Team... If you want to shrink a full essay, order it on our website: Orderessay

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