The Bank of China has more than 300 branches and the Bank of China, Hong Kong was established on the first of October 2001.
With the merging of twelve subsidiaries and associates of the Bank of China in Hong Kong the Bank of China, Hong Kong was formed and was listed on the Hong Kong stock exchange in October 2002. By 2003, Bank of China, Hong Kong became the second largest commercial banking group in Hong Kong with an asset of $763 billion and a net profit of $8 billion.
Bank of China, Hong Kong is involved in various kinds of financial activities and renders efficient service to its customers. Primarily known for its interest income business, it also provides a range of financial services to both corporate and individual customers. Bank of China, Hong Kong offers different kinds of loans and schemes which include:
- Tax loan
- Professional Firms Link
- CEPA Business Loan Scheme
- SME Financial Scheme
- Business Installation and Equipment Loan
- Overdraft and Accounts Receivable Financing
Bank of China, Hong Kong is also one of the biggest mortgage dealers in the secondary market. They re-sell Casualty Insurance, Life Insurance, Mandatory Provident Fund etc.
The Bank of China, Hong Kong is privileged with the right of issuing notes. Being one of the three Banks which issue bank notes for Hong Kong, Bank of China, is the founder and the biggest member of the JETCO ATM and payment system. Legally Bank of China, Hong Kong is a separate body with a separate identity but however, it maintains a close working relation with the Bank of China which is its parent Company.
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