#bank of china

[szepkerekkocka]

A német kémmúzeum, a Bank of China és a Deutsche Bank egymás tőszomszédságában lakik.

[secondsofpleasure]

sands of time / 7.2023

[thescienceagriculture]

15 World's Largest Bank in The Year of 2023

[pixelmesh-studio]

Die Bank of China in Hamburg.

[panicinthestudio]

Further reading:

HKFP: Exclusive: HSBC closed accounts of jailed 2019 democracy protesters without providing a reason, June 10, 2024

[nepalenergyforum]

China Pumps Rs. 19 Billion Loan for 120 MW Langtang Hydropower

Kathmandu, Jan 15: Foreign investment of approximately Rs 20 billion has been mobilized for the Langtang-Bhotekoshi Hydroelectricity Project based in Rasuwa. The under-construction project has a total capacity of generating 120 megawatts power. Foreign investment equivalent to Rs 19 billion and 857 million has been brought for the project from the Bank of China of the People’s Republic of China,…

[exxos-von-steamboldt]

(via A New Death Rocks China's Communist Party - YouTube)

[kc22invesmentsblog]

The Bank of China: A Legacy of Excellence and Global Influence

Written by Delvin Founded in 1912, the Bank of China (BOC) stands as one of China’s oldest and most esteemed financial institutions. Over the past century, it has evolved into one of the world’s largest banks, leaving an indelible mark on the global financial landscape. In this blog post, we will explore the rich history, significant milestones, and global influence of the Bank of China. 1. A…

[warningsine]

BEIJING: The former chairman of the Bank of China has been formally arrested for suspected corruption, state media reported on Monday, citing the country's top prosecutor.

The state-owned bank said in February that Liu Lian'ge, 62, had stepped down as chairman and been removed from his position as Communist Party chief.

China's top anti-corruption watchdog announced the following month that Liu was under investigation for alleged "severe violations of discipline and law."

Since coming to power in 2012, Chinese President Xi Jinping has waged a sweeping campaign on deep-seated official corruption.

Proponents say the policy promotes clean governance, while critics claim it helps Xi purge political rivals.

On Monday, state news agency Xinhua reported that the Supreme People's Procuratorate had "taken the decision to arrest Liu Lian'ge on suspicion of taking bribes and illegally granting loans."

His case has "been transferred to the procuratorate for review and prosecution... and is currently under further processing," according to Xinhua.

[chineseredcarpet]

Li Zhiting for a Bank of China event

[soumyapanda28]

Largest banks of the world by Total Assets:

1] Industrial and Commercial Bank of China: It was established on 1 January 1984. On 28 October 2005, the Bank was wholly restructured to a joint-stock limited company. On 27 October 2006, the Bank was successfully listed on both Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. Headquarters is in China. It uses IFRS accounting princple. Total assets 5742.86 US$ billion.

2] China Construction Bank: It is one of the “big four” banks in China. In 2015, CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic branches. Headquarters is in Xicheng district, Beijing China. It uses IFRS accounting principle. Total assets 5016.81 US$ billion.

3] Agricultural Bank of China:  The predecessor of the Bank was Agricultural Cooperative Bank established in 1951.Since the late 1970s, the Bank has changed from being a state-owned specialist bank to a commercial bank that is entirely owned by the state, and then to a commercial bank that is under state management. In January 2009, The Bank underwent a restructuring to become a joint stock limited liability business. The Bank debuted on the Shanghai Stock Exchange and the Hong Kong Stock Exchange in July 2010. Headquarters is in Dongcheng district, Beijing China. It uses IFRS acounting principle. Total assets 4919.03 US$ billion.

4] Bank of China: It is the bank with the longest continuous operation among Chinese banks. The Bank was formally founded in February 1912 and held the roles of the nation’s central bank, bank for foreign exchange, and bank specifically for international trade. After 1949, the Bank assumed management of China’s foreign exchange operations and provided international trade settlement, overseas cash transfers, and other non-trade foreign exchange services, building on its lengthy history as the state-designated specialized foreign exchange and trade bank. The Bank was reorganized in 1994 to become a fully state-owned commercial bank. Since then, it has grown into a sizable commercial bank that offers services in both local and foreign currencies and has a solid financial foundation. In 2006, the Bank went public on the Shanghai Stock Exchange as well as the Hong Kong Stock Exchange.. Headquarters is in Beijing. It uses IFRS accounting principle. Total assets 4192.12 US$ billion.

5] JP Morgan Chase: It is an American multinational financial services firm headquartered in New York. It uses US GAAP accounting principle. Total Assets 3665.74

6] Bank of America: It was founded in 30th September 1998.From small towns to sprawling urban centers and everywhere in between, our customers and their lives are as varied as their locations. They’re in every stage of life, pursuing every type of financial growth — and we help them build the financial future they want. We relate to them as neighbors who know their communities, with the ability to draw on our full capabilities to offer precisely the right solutions. Headquarters is in Charlotte, North Carolina. It uses US GAAP accounting prnciple. Total Assets 3051.38 US$ billion.

7] Mitsubishi UFJ financial Group: It is Japan’s largest financial group. It was founded in October 1st 2005.Headquarter is in Tokyo. It uses Japanese GAAP accounting prnciple. Total Assets 3176.84 US$ billion.

8] HSBC Holdings: It was founded in 3rd March 1865. The bank has around 180,000 shareholders in 126 countries and territories. HSBC has branch listings on the Hong Kong Stock Exchange and Bermuda Stock Exchange in addition to its primary share listing on the London Stock Exchange of the United Kingdom. Additionally, the New York Stock Exchange lists its shares.The company offers banking and financial services. Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, Global Private Banking, and Corporate Center are the business divisions through which it conducts its operations. Retail banking, wealth management, asset management, and insurance are all included in the retail banking and wealth management section. Offering banking services and goods is the business of commercial banking. The transaction banking, financing, advice, capital markets, and risk management services are all a part of the global banking and markets industry. Headquarter is in London. It uses IFRS accounting principle. Total Assets 2953.64 US$ billion.

9] BNP Paribas: It was founed in 1822.Its a multinational universal bank and financial services holding company. Headquarters is in Paris. It uses IFRS accounting principle. Total assets 2905.83.

10] Credit Agricole: It was founded in 5th November 1894. It engages in the provision of banking and financial services. It functions through the following divisions: International Retail Banking, Savings Management & Insurance, Specialized Financial Services, Corporate & Investment Banking, and Corporate Center are some of the French retail banking options available. Individual customers, farmers, small enterprises, corporations, and local governments can all access banking and financial services from the French Retail Banking — Regional Banks category.Headquarters is in Montrouge, France. It uses IFRS accounting principle. Total Assets 2674.35 US$ billion.

[goodbreezeyeah]

What are central bank digital currencies (CBDCs), and how do they work?

[troythecatfish]

[thunderstruck9]

Cui Jie (Chinese, 1983), Bank of China Building #2, 2018. Acrylic on canvas, 250 × 180 cm.

[probablyasocialecologist]

Surveillance cameras now cover the Damascus Gate, the main entrance into the old city of Jerusalem and one of the only public areas for Palestinians to gather socially and hold demonstrations. It’s at that gate that “Palestinians are being watched and assessed at all times”, according to an Amnesty International report, Automated Apartheid. These cameras have created a chilling effect on not just the ability to protest but also on the daily lives of Palestinians who live under occupation, according to Amnesty investigators. The organization had previously concluded that Israel has established a system of apartheid against Palestinians.

Among the vendors behind these surveillance cameras is a company that has been accused of aiding what the US has categorized as a genocide: Hikvision. Based in Hangzhou, China, the company is one of the world’s largest makers of video surveillance equipment. Already infamous among international human rights groups, it has been blacklisted by the US and identified by the UK as a security threat for being complicit in China’s repression of the Uyghur ethnic minority.

[panicinthestudio]

Further reading:

HKFP: Leader of Hong Kong opposition party fined HK$1,000 for collecting money in public place without permit, March 17, 2023

HKFP: HSBC terminates bank accounts of Hong Kong opposition party League of Social Democrats without giving reason, June 2, 2023