Bank of China Group (中銀集團;BOCG) was the brand used to denote 13 banks that were almost entirely owned by the Chinese government that operated in Hong Kong, until their merger in 2001 to form Bank of China (Hong Kong). The exception was the Hong Kong branch of the Bank of Communications, which left BOCG in 1998. The BOCG brand is still retained by the life insurance and casualty insurance operations of the Bank of China, in both Hong Kong and Mainland China.
Read more about Bank Of China Group: History
Other articles related to "bank of china group, bank of china, banks, bank, china":
... The opening of a branch of the Bank of China in Hong Kong in 1917 marked the entry of state-owned Chinese banks into the then-colony's banking sector ... Other banks soon followed suit, starting with Yien Yieh Commercial Bank in 1918 ... By the time the People's Republic of China was established in 1949, there were 15 branches of state owned Chinese banks in Hong Kong, plus branches of nine Mainland-incorporated banks that were public-private joint ...
... The Bank of China began accumulating stakes in Chiyu Banking Corporation in the 1970s ... In June 1975, the Bank of China moved to increase the capital of the public-private banks ... government, private ownership in the public-private banks were substantially reduced to less than 1% ...
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