Bank of Communications Co., Ltd. - Our Highly Esteemed Parent Company
Bank of Communications Co., Limited, found in 1908, was one of the four founding fathers for modern Chinese banks. It was also one of the few selected Chinese banks with the note issuing rights and privileges.
The Bank of Communications ranks among the top five largest banks in China. As at the end of 2007, the total assets of the Bank of Communications exceeded RMB 2,100 billion.
The sufficient rate of the Core Capital Adequacy Ratio is up to 10.27%, Capital Adequacy Ratio reaches 14.44%, the Average Return on Equity Ratio reaches 18.16%, the Capital Adequacy Ratio is among one of the highest commercial banks in China. For three consecutive years, Bank of Communications received the "Annual Chinese Bank brand names award (NO.1)" award from the World Brand Names Laboratory. The brand name is widely approved and recognized by the market.
Bank of Communications is one of the main financial service provider in China. Its services cover commercial banking, securities, insurance, trustee, finance lease and the fund management etc. Its wholly-owned subsidiaries include: BOCOM International Holdings Co. Ltd., China BOCOM Insurance Limited, BOCOM Rental Co., Ltd., BOCOM Schroder Fund Management Limited, Bank of Communications Trustee Limited.
For more, the Bank of Communications pioneers the investment of China demutualization bank in smaller village-based banks. As a result, the Bank of Communications invests in [¤j¨¶¥æ»È¿³¥Á§øÂí»È¦æ] in Sichuan. The Bank of Communications is also the first major shareholder of the rural Commercial Bank of Changshu.
The strategic objectives of the Bank of Communications are: to build a company with good corporate governance, competitive edge, products innovation, quality financial services, comprehensive internal control, optimal business / operational efficiency and quality management that reaches international standard. The Bank of Communications strive to be the leader in China at providing financial services, at the same time fulfilling social responsibilities, to become the best public bank as well as best wealth management bank.