The Bank of China has been in business for the longest time in China. Formally established in February 1912, it has successively performed the functions of a central bank, an international exchange bank, and a bank specializing in international trade. Since 1949, it has been a national bank specializing in foreign exchange and foreign trade for a long time, unify the operation and management of national foreign exchange, and carry out international trade settlement, remittance, and other non-trade foreign exchange services. In 1994, it was restructured as a wholly state-owned commercial bank, providing a full range of financial services, and developed into a large-scale commercial bank with both local and foreign currencies, a complete range of businesses, and strong strength. In 2006, it was the first to be successfully listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange, becoming the first “A+H” listed bank in China. The Bank of China is the sole official banking partner for the 2008 Beijing Summer Olympics and the 2022 Beijing Winter Olympics, and is the only “Double Olympic Bank” in China. In 2011, the Bank of China became the first systemically important bank in an emerging economy. It has now been selected for 13 consecutive years, and its international status, competitiveness, and comprehensive strength rank among the world's largest banks. Currently, the Bank of China is targeting the spirit of the 20th National Congress of the Party and the spirit of the Central Financial Work Conference, with the purpose of serving the real economy, risk prevention and control as the eternal theme, consolidating and expanding the advantages of globalization and enhancing global layout capabilities as the top priority, improving market competitiveness and serving the country's strategy as the core key, deepening reform, opening-up and innovation, improving the efficiency of governance and operation, and promoting financial culture with Chinese characteristics as a starting point, and is focusing on doing a good job in the five major articles on technology finance, green finance, inclusive finance, pension finance, and digital finance. The Bank of China is the bank with the highest degree of globalization and integration in China. It has institutions in 64 countries and regions in mainland China and overseas, and the Bank of China Hong Kong and Macau branches act as local banknote issuers. The Bank of China has a relatively complete global service network, and has formed a comprehensive financial service system with commercial banking services such as corporate finance, personal finance, and financial markets as the main body, covering various fields such as investment banking, direct investment, securities, insurance, funds, aircraft leasing, asset management, fintech, financial leasing, etc., to provide customers with “one-point access, global response, and comprehensive service” financial solutions. The Bank of China is a bank with a lofty sense of mission and responsibility. Since its establishment 112 years ago, the Bank of China has always adhered to its historical mission of “seeking the welfare of society and the prosperity and strength of the country”, and has formed a valuable spiritual asset. It resonates with the Chinese characteristic financial culture of honesty and trustworthiness, profit from righteousness, prudence, integrity and innovation, and compliance with the law. In the new journey of comprehensively building a modern socialist country, the Bank of China will adhere to Xi Jinping's ideology of socialism with Chinese characteristics in the new era, fully and accurately implement the new development concept, identify the integration points, driving force points, and support points for implementing the central government's decisions and deployment and achieving its own high-quality development, be the main force serving the real economy and maintaining financial stability, unswervingly follow the path of financial development with Chinese characteristics, and continue to create a new situation of high-quality development for the Bank of China, making greater contributions to comprehensively advancing the construction of a strong nation and reviving the nation through Chinese modernization.
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