The Bank of China is a public company
which was founded in Republic of China in 1912 by Government in
replacement of the Government bank of Imperial China. The Bank of China
is one of the big four commercial banks owned by the state. The other
three banks are: Bank of Communications, Central Bank of China and
Farmers Bank of China. The banknotes of the Bank of China were issued
until 1942 on the behalf of the Government. The Bank of China split in
two operations at the end of the Chinese civil war in 1949. The Bank of
China operates in different countries as Philippines, Australia, South
Africa, Hungary, Russia, France, Germany, Thailand and many other
countries, all together in twenty seven countries. The Bank of China is
number five largest bank in the world by market capitalization value.
Bank of China started operating in 1917 in HongKOng and became a main
player in the country. In 1981 a Bank of China opened in New York. The
bank of China bought twenty percent stake in La Compagnie Financière
Edmond de Rothschild.