Bank of China Group (δΈιιε;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% ...
Famous quotes containing the words bank of, group, bank and/or china:
“A self is, by its very essence, a being with a past. One must look lengthwise backwards in the stream of time in order to see the self, or its shadow, now moving with the stream, now eddying in the currents from bank to bank of its channel, and now strenuously straining onwards in the pursuit of its chosen good.”
—Josiah Royce (1855–1916)
“Unless a group of workers know their work is under surveillance, that they are being rated as fairly as human beings, with the fallibility that goes with human judgment, can rate them, and that at least an attempt is made to measure their worth to an organization in relative terms, they are likely to sink back on length of service as the sole reason for retention and promotion.”
—Mary Barnett Gilson (1877–?)
“When she could hide him no longer she got a papyrus basket for him, and plastered it with bitumen and pitch; she put the child in it and placed it among the reeds on the bank of the river.”
—Bible: Hebrew, Exodus 2:3.
“Riot in Algeria, in Cyprus, in Alabama;
Aged in wrong, the empires are declining,
And China gathers, soundlessly, like evidence.
What shall I say to the young on such a morning?—
Mind is the one salvation?—also grammar?—
No; my little ones lean not toward revolt.”
—William Dewitt Snodgrass (b. 1926)