BCM

The Bank of Communications was founded in 1908 and is one of the oldest banks in China, as well as one of the issuing banks in modern China. On April 1, 1987, the reorganized Bank of Communications officially opened its business to the public, becoming the first national state-owned joint-stock commercial bank in China, with its headquarters located in Shanghai. In June 2005, Bank of Communications was listed on the Hong Kong Stock Exchange, and in May 2007, it was listed on the Shanghai Stock Exchange.

The business scope of Bank of Communications Group covers commercial banks, offshore finance, funds, trusts, financial leasing, insurance, overseas securities, debt to equity swaps, and asset management. Its non bank subsidiaries mainly include wholly-owned subsidiaries Bank of Communications Financial Leasing Co., Ltd., Bank of Communications Financial Asset Investment Co., Ltd., Bank of Communications Wealth Management Co., Ltd., Bank of Communications Insurance Co., Ltd., holding subsidiaries Bank of Communications Schroder Fund Management Co., Ltd., Bank of Communications International Trust Co., Ltd., Bank of Communications Life Insurance Co., Ltd., and Bank of Communications International Holdings Co., Ltd.

By the end of June 2021, Bank of Communications had 246 domestic branches, including 30 provincial branches, 7 directly affiliated branches, and 209 provincial branches, with a total of 2923 business outlets. At the same time, Bank of Communications has established 23 overseas branches and representative offices in Hong Kong, Macau, Taipei, Tokyo, Seoul, Singapore, Ho Chi Minh City, Sydney, Brisbane, Melbourne, Frankfurt, London, Luxembourg, Paris, Rome, Prague, New York, San Francisco, Toronto, Rio de Janeiro, Johannesburg, and other places, with a total of 69 overseas business outlets (excluding representative offices).

In 2015, the State Council approved the "Bank of Communications Deepening Reform Plan". In 2020, Bank of Communications focused on deepening reforms in areas such as aligning with national strategies to create distinctive advantages, structural functions, and institutional mechanisms, financial technology reform, risk credit and anti money laundering, institutional management, and incentive constraints, unleashing reform dividends and stimulating transformation momentum. In 2021, Bank of Communications ranked 137th in the Fortune Global 500 for 13 consecutive years in terms of revenue; For 5 consecutive years, it has consistently ranked 11th in the Tier 1 capital ranking of The Banker's global 1000 major banks.

As a large state-owned banking group with a long history, clear strategy, standardized governance, stable operation, and high-quality services, Bank of Communications has always been closely focused on implementing national strategies and serving the real economy, continuously strengthening comprehensive risk management, deepening reform, striving to provide the best service to customers, creating more value for shareholders, creating a happy home for employees, and making greater contributions to society!