The bank has preliminarily approved the loan based on the personal information submitted by the customer. The Credit Pre-approval Center of Bank of China is where the bank conducts preliminary review and approval of loans based on the personal information submitted by customers. The Bank of China was formally established on February 5, 1912 with the approval of Dr. Sun Yat-sen. The head office is located on Fuxingmennei Street in Beijing. It is a large state-owned bank managed by the central government.