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BoCom office in Shanghai |
Bank of Communications (BoCom) was founded in 1908 and today it is the sixth largest commercial bank in China with assets of CNY 8.403 trillion (US$1.2 trillion) as of December 31, 2016. With over 92,000 employees, BoCom provides a wide range of commercial and retail banking services through over 230 branches and 3,300 banking outlets nationwide as well as through overseas branches and offices in New York, San Francisco, Frankfurt, Hong Kong, Tokyo, Singapore, Seoul, Sydney, Macau, Ho Chi Minh, Taipei, London, Luxembourg, Paris, Brisbane, Rome and Toronto. The New York Branch was established in 1991 as federal-chartered wholesale banking institution dedicated to serving commercial and industrial business in the United States and promoting Sino-American trade. The Bank’s Board of Directors is composed of 16 directors, including 4 executive directors, 7 non-executive directors, and 5 independent non-executive directors. HSBC Holdings, the overseas strategic partner, holds close to a 20% interest in BoCom. As of April 2017, the company had a market capitalization of US$60 billion.
Top 10 shareholders
Shareholder | Shareholding percentage |
Ministry of Finance | 26.53% (A+H shares) |
HKSCC Nominees Limited | 20.12% |
HSBC | 18.70% |
National Council for Social Security Fund | 4.42% (A+H shares) |
China Securities Finance Corporation | 2.29 |
Capital Airports Holding Co | 1.68% |
Shanghai Haiyan Investment Management | 1.09% |
Wutongshu Investment Platform Co. | 1.07% |
Yunnan Hehe (Group) Co., Ltd. | 1.00% |
China FAW Group Corporation | 0.89% |
Head office address:
188 Yinchengzhong Road
Shanghai 200120, China
Phone: +86-21-95559
Website: www.bankcomm.com
Bocom UK Ltd
4th Floor, 1 Bartholomew Lane
London EC2N 2AX, UK
Tel: 0044(0)20-76147600
New York Branch
One Exchange Plaza, 55 Broadway
31st & 32nd Floor, New York, NY
Tel: 001-212-376-8030
SWIFT: COMMUS33
Website: www.bocomny.com
San Francisco Branch
575 Market Street, 38th Floor
San Francisco CA94105, USA
Frankfurt Branch
Neue Mainzer, Str. 75, 60311
Frankfurt am Main, Germany
Tel: 0049-69-6605890
Sydney Branch
Level 27, 363 George Street
Sydney, NSW 2000, Australia