Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Bank of China USA history
Bank of China USA company history timeline
Bank of China was founded on February 05, 1912 and is headquartered in Beijing, China.“
The Ta Ching Government Bank The Ta Ching Government Bank became the only authorized note issuing authority in China until its name was changed to the Bank of China in 1912.
1912: After the overthrow of the Qing government, the bank changes its name to Bank of China (BOC), and becomes the central bank.
In 1917, Bank of China established its presence in Hong Kong.
In 1928, BOC took on a new facet as the government's international exchange bank.
From its establishment until 1942, it issued banknotes on behalf of the Central Government along with the “Big Four” banks of the period: the Central Bank of China, The Farmer’s Bank of China and the Bank of Communications.
The Bank of China ceased issuing bank notes in 1942, when the Communist Party reorganized China’s banking system and re-positioned the Peoples Bank of China as the main bank note issuing authority, a position which it retains today.
After the Chinese Civil War ended in 1949, the Bank of China effectively split into two operations.
1949: After the Communist revolution, BOC specializes in foreign exchange operations for the government.
1979: BOC signs the first energy loan agreement between China and Japan as China launches its "Open Door Policy"; the bank establishes its first branch office in Japan.
1982: The bank opens its first branch office in the United States, in New York City.
1984: BOC becomes the first Chinese bank to issue bonds to the Japanese market.
Among these was the issuing of China's first credit card, the Great Wall Credit Card, in 1986.
1986: BOC introduces the first Chinese credit card.
The Bank of China building in Hong Kong, designed by I.M. Pei and opened in 1990, and is currently the 10th tallest building in the world.
The only exceptions for issuance of notes by the Bank of China have been the old Foreign Exchange Certificates, issued only to foreigners until 1990, and two special commemorative issues, for the 50th anniversary of the founding of the People’s Republic of China, and for the new millennium.
In 1991, BOC became the first Chinese bank to offer telephone-based banking services.
1991: Telephone-based banking services are launched.
In 1994, the bank became the first in China to issue bonds to the United States market.
1995: BOC begins issuing notes in Macau.
1998: BOC International Holdings, the group's assets management business, is launched.
2002: BOC becomes the first Chinese bank to launch a public offering, listing Bank of China Hong Kong on the Hong Kong stock exchange.
As part of the move toward listing publicly, BOC continued to push down its nonperforming loan levels--selling an additional 10 percent stake in BOC Hong Kong in December 2003 in a cash-raising effort.
Mainland China accounts for 60% of the bank by profits and 76% by assets as at December 2005.”
In December 2010, the Bank of China New York branch began offering RMB products for Americans.
May 01, 2018 Dezan Shira & Associates' Service Brochure Dezan Shira & Associates´ brochure offers a comprehensive overview of the services provided by the firm.
October 18, 2021 Tax Incentives in China As a legitimate tool for reasonable tax planning and cost saving, tax incentives play an important role.
Doing Business in China 2022 is designed to introduce the fundamentals of investing in China.
Rate how well Bank of China USA lives up to its initial vision.
Bank of China USA jobs
Do you work at Bank of China USA?
Does Bank of China USA communicate its history to new hires?
Bank of China USA competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Fulton Savings Bank | 1871 | $17.9M | 100 | - |
| Chesapeake Bank of Maryland | 1913 | $18.0M | 65 | - |
| Industrial and Commercial Bank of China | 1984 | $105.4B | 453,048 | 11 |
| Standard Chartered | 1853 | $14.8B | 89,000 | 492 |
| Capitol Partners | 1998 | $1.6M | 9 | 1 |
| DFJ | 1985 | $1.6M | 20 | - |
| Telsey Advisory Group | 2006 | $7.2M | 75 | - |
| Summit Financial Strategies | 1995 | $3.0M | 4 | 3 |
| Cei (coastal Enterprises, Inc.) | 1977 | $12.0M | 114 | - |
| First Empire | 1984 | $46.3M | 350 | - |
Bank of China USA history FAQs
Zippia gives an in-depth look into the details of Bank of China USA, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bank of China USA. The employee data is based on information from people who have self-reported their past or current employments at Bank of China USA. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Bank of China USA. The data presented on this page does not represent the view of Bank of China USA and its employees or that of Zippia.
Bank of China USA may also be known as or be related to BANK OF CHINA, Bank Of China, Bank of China, Bank of China (New York City) and Bank of China USA.