BANK OF CHINA OPENED ITS BRANCH IN CALCUTTA IN 1937

MUSHAM BANKNOTES ANCIENTCOINS,STAMPS,POSTALHISTORY MY @ MUSHAM3@GMAIL.COM

BANK OF CHINA OPENED ITS BRANCH IN CALCUTTA IN 1937 CLOSED IN 1941 BUT ITS TRANSACTIONS WERE CONTINUED TILL 1950?

History of BOC's expansion outside (mainland) China
Tokyo branch.
New York branch.
Bank of China building in Singapore.

1917 BOC opened a branch in Hong Kong.
1929 BOC opened its first overseas branch in London. The branch managed the government's foreign debt, became a center

for the bank's management of its foreign exchange, and acted as an intermediary for China's international trade.
1931 BOC opened a branch in Osaka.
1936 BOC opened a branch in Singapore to handle remittances to China of overseas Chinese. It also opened an agency in New

York.
1937 At the outbreak of hostilities with Japan, Japanese forces blockaded China's major ports. BOC opened a number of

branches overseas to facilitate the gathering of remittances and the flow of military supplies. BOC opened branches in

Batavia, Penang, Kuala Lumpur, Haiphong, Hanoi, Rangoon, Bombay, and Calcutta. It also opened sub-agencies in Surabaya,

Medan, Dabo, Xiaobo, Batu Pahat, Baichilu, Mandalay, Lashio, Ipoh, and Seremban.
1941 and 1942 The Japanese conquest of South East Asia forced BOC to close all overseas its branches, agencies, sub-

branches and sub-agencies, except London, New York, Calcutta, and Bombay.
1942 BOC set up six new overseas branches, including those at Sydney, (Australia), Liverpool, and Havana, and possibly

Karachi.
1946 BOC reopened its branches and agencies in Hong Kong, Singapore, Haiphong, Rangoon, Kuala Lumpur, Penang, and

Jakarta. It moved the Hanoi agency to Saigon. At the suggestion of the Allied Forces Headquarters, it liquidated the branch

in Osaka and opened a sub-branch in Tokyo.
1947 BOC opened agencies in Bangkok, Chittagong, and Tokyo.
1950 Some of the branches of Bank of China joined the bank headquartered in Beijing — i.e., Hong Kong, Singapore,

London, Penang, Kuala Lumpur, Jakarta, Calcutta, Bombay, Chittagong, Karachi, and Jakarta — while others — New York, Tokyo,

Havana, Bangkok, and one other, possibly Panama — opted to remain with the Bank of China headquartered in Taipei. In 1971,

this bank took the name International Commercial Bank of China.
1963 The Burmese government nationalized all banks, foreign and domestic, including the Bank of China's Rangoon branch.

Bank of china bonds before civilwar in china

MUSHAM BANKNOTES ANCIENTCOINS,STAMPS,POSTALHISTORY MY @ MUSHAM3@GMAIL.COM

Republic of China along with the "Big Four" banks of the period: the Central Bank of China, Farmers Bank of China and Bank of Communications. Although it initially functioned as the Chinese central bank, in 1948 the People's Bank of China replaced it in that role. Subsequently, BOC became a purely commercial bank.

After the Chinese civil war ended in 1949, the Bank of China effectively split into two operations. Part of the bank relocated to Taiwan with the Kuomintang (KMT) government. It was privatised in 1971 to become the International Commercial Bank of China (中國國際商業銀行). It has subsequently merged with the Taiwan Bank of Communications (Chiao Tung Bank, 交通銀行) to become the Mega International Commercial Bank (兆豐國際商業銀行). The Mainland operation is the current entity known as the Bank of China.

It is the second largest lender in China overall, and the 5th largest bank in the world by market capitalization value[2]. Once 100% owned by the central government, via Central Huijin Investment and National Council for Social Security Fund (SSF), an IPO of its shares took place in June 2006, the free float is at present over 26%.

It is the most international of China's banks, with branches on every inhabited continent. Outside of mainland China, BOC also operates in 27 countries including:

Bank of china bond backside used in calcutta rare

MUSHAM BANKNOTES ANCIENTCOINS,STAMPS,POSTALHISTORY MY MUSHAM3@GMAIL.COM

the history of the Bank of China

„Bank of China“(BOC) is China’s oldest bank (founded in 1912) and one of the four largest banks of the country. By amounting assets of approximately $433 billion, it is also one of the Top 20 richest banks in the world. The BOC has gained wide reputation as being expert in foreign exchange dealing since 40 years and thus is seen as the most international bank of the country, having more than 580 branches and offices in 26 countries. Within the country, the bank operates a network consisting of 12.000 branches and nearly 200.000 employees.

Although the BOC itself is subordinate to the control of the Chinese government, it’s Hong Kong subsidiary company „Bank of China (Hong Kong) Limited“acts as first Chinese bank that got listed on the foreign stock exchange. It strives for building up the BOC to a market-and consumer-oriented institution for banking services of world-class, and this shall be reached by means of a stable corporate structure, which shall able to secure excellent services for a long time to come