Bank of communications (full name: the bank of communications co., LTD.) was founded in 1908, which is the continuation of the oldest and the most ancient bank in China since modern times, and it is also one of the note-issuing banks in modern China. Now, it is one of the five major state-owned banks in China.
Bank of communications is one of the main comprehensive financial services providers in China, and is to become the international large bank group across the market and the world with a commercial bank as main body, and its business scope covers many other fields such as commercial banks, investment banks, securities, trust, financial leasing, offshore financial services, fund management and insurance.
In 1987, it was rebuilt as the first joint-stock commercial bank, respectively in 2005 and 2007 successively listing in Hong Kong and Shanghai, and it is the first state-owned large listed overseas commercial bank. The ministry of finance of the People's Republic of China, Hong Kong and Shanghai banking corporation limited ordinance, the social security fund council are the top three shareholders of bank of communications, they hold 59.44% stakes. The wholly owned subsidiaries of bank of communications include Guoxin, insurance and financial leasing of bank of communications, and the holding subsidiaries include village banks of bank of communications. In addition, the bank of communications is the largest shareholder of Jiangsu Changshu rural commercial bank, and it is the first parallel big shareholder of Tibet bank.
