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China Highlights Hong Kong

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China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
China Highlights Hong Kong
Address:
No.1120 Peninsula Centre, 67 Mody Road, Tsimshatsui East, Kowloon, Hong Kong, China

Bank of China Limited also known as its short name Bank of China or BOCHK , is a subsidiary of the Bank of China . Bank of China is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits , with around 197 branches across Hong Kong as of the end of 2016. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar. BOCHK is legally separated from its parent, Bank of China , although they maintain close relations in management and administration and co-operate in several areas including reselling BOC's insurance and securities services. BOCHK is also the biggest member and a founder of the JETCO ATM and payment system, and the designated clearing bank in Hong Kong for transactions involving the Renminbi . BOCHK was established on 1 October 2001 from a merger of 12 subsidiaries and associates of the Bank of China in Hong Kong, and listed on the Hong Kong Stock Exchange in October 2002 . As of the end of 2016, the bank had HK$2,327 billion in assets and operating profit of HK$29 billion. Its head office is in the Bank of China Tower in Central, Hong Kong. The head office is shared with the Hong Kong units of its parent company; completed in 1988, and was the first building outside of North America to exceed 1,000 feet .
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