Bank of China (BANK OF CHINA, BOC, BOC) was formally established on February 5, 1912 with the approval of Mr. Sun Yat-sen. The head office is located at No. 1 Fuxingmen Inner Street, Beijing. It is a large state-owned bank under the central management and a national deputy ministerial unit. As a state-owned financial institution under the leadership of the Communist Party of China, Bank of China is guided by Xi Jinping's new era of socialism with Chinese characteristics.
Bank of China is China's most internationalized and diversified bank. The agency is located in mainland China and 56 countries and regions. In November 2015, Bank of China was selected as a global systemically important bank for five consecutive years. In July 2017, the British "Banker" magazine published the "Top 1000 Global Banks", and Bank of China ranked fourth. Ranked 46th in the Fortune Global 500 in 2018. On September 1, 2019, 2019 China's top 500 service companies were released in Jinan, and Bank of China Co., Ltd. ranked sixth.
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