Commercial banking business
Commercial banking is the traditional main business of China Bank, including corporate financial business, personal financial business and financial market business (mainly referring to capital business).
Corporate finance business
Corporate finance is the main profit source of China banking industry. In 2007, corporate finance continued to focus on improving customer service system, promoting overall business linkage, strengthening product innovation and implementing management transformation, setting up corporate finance sector and strengthening line management. China Bank implements the development strategy of serving key large-scale and high-quality corporate customers, pays attention to long-term cooperative relations with large-scale and high-quality customers, and at the same time makes clear that SME business is an important part of corporate financial business, and strives to become an efficient, professional and comprehensive partner of SMEs.
Deposit business
China Bank actively responded to the impact of the rapid development of the capital market on the deposit business of RMB companies and vigorously developed the deposit business of RMB companies.
Loan business/transaction
China Bank continued to strengthen the adjustment of loan structure, increased investment in key supporting industries, and realized the optimal allocation of credit resources.
Business of financial institutions
Bank of China pays attention to all-round cooperation with financial institutions, and provides customers with more comprehensive services by recommending customers, sharing resources and jointly developing new products.
The Bank of China also conducts the clearing of dollars, euros and yen through its branches in new york, Frankfurt and Tokyo. The above-mentioned branches and Singapore branch are local tier-one clearing banks.
International settlement and trade financing business
International settlement business is the leading business of China Bank. Bank of China strengthens the linkage between domestic and overseas institutions, and realizes the rapid development of international settlement and trade financing business.
Financial business of other companies
China Bank provides payment and settlement services, mainly including bank draft, promissory note, cheque, remittance, bank acceptance draft, entrusted collection, collection and acceptance, centralized payment, cheque deposit and bill custody.
Product service innovation
China Bank combines and innovates corporate financial products to meet the latest business needs of corporate customers; Increase product cooperation with financial peers and actively carry out inter-bank corporate credit asset transfer; The products such as RongYida (accounts receivable financing service), Tongyida (accounts receivable pledge), Rongxinda (accounts receivable financing service insured by export credit insurance) and Rongshida (goods pledge financing) were launched, which further enriched the series of trade financing products. Introduce new products such as implicit export factoring and forfaiting under D/A bank guarantee; In line with the changes in the mainstream settlement methods of global trade, we joined the SWIFT Organization Service Facility Platform (TSU) for the first time among domestic peers, realizing the first real TSU transaction in China.
Bank of China draws lessons from the successful practices of its domestic and foreign counterparts and the experience of strategic investors to improve the business model of small and medium-sized enterprises. Revise the credit policy system of small and medium-sized enterprises and simplify the operation process of credit business of small and medium-sized enterprises; According to the characteristics of financing needs of SMEs, the SME financing product "Get Rich Quickly and Easily" was launched to provide short-term financing support for SME customers.
By integrating clearing resources, China Bank launched a series of payment products in China, such as "Full Payment", "Taiwan Province Remittance", "Priority Remittance" and "Special Remittance Service", which integrated the services of overseas branches and correspondent banks, realized the synchronous development of overseas banks and correspondent banks, maximized the product coverage and filled the market gap. Among them, the "Taiwan Provincial Exchange" product has changed the situation that the business has been taken over by the agent bank and expanded the business market.
Personal financial business
Personal financial business is one of the strategic development priorities of Bank of China. Bank of China continues to improve the management system and operation mechanism of personal financial business, set up a personal financial business department and strengthen the management of personal business lines; Focus on promoting the transformation of network operation mode, the construction of customer layered service system, the reform of retail loan marketing model and approval process; Strengthen product and service innovation, optimize business structure and income structure, and expand profit sources.
Savings deposit business
According to the needs of maintaining and increasing the value of personal financial assets, China Bank actively adjusted its business strategy to promote the coordinated development of savings business and wealth management business.
Personal loan business
Bank of China vigorously promotes "direct customer" marketing services, and promotes and improves the centralized online examination and approval system.
Personal intermediary business
Personal intermediary business of China Bank includes local and foreign currency remittance, personal settlement and sale of foreign exchange, foreign currency exchange, insurance agency and fund business, receipt and payment business, etc.
Personal settlement and sale of foreign exchange and personal international remittance are the traditional advantages of China banks. Bank of China has continuously expanded its acceptance outlets for settlement and sale of foreign exchange, strengthened cooperation with international remittance companies, and increased sources of foreign exchange business. Further subdivide the personal foreign exchange business market, integrate many foreign exchange products into "one-stop" service, and build the brand of "BOC Hui".
China Bank seized the good opportunity of the rapid expansion of the capital market and the rapid development of various emerging investment products, vigorously developed fund agency and insurance agency business, and realized the leap-forward growth of agency business income.
"BOC wealth management" service
Bank of China actively expanded its personal finance business and devoted itself to the professional construction of "BOC Finance". There are 366 financial centers with unified standards, more than 65,438+0,000 financial studios and numerous financial counters, forming a wide-ranging and multi-level financial service channel for individual customers; Established a professional wealth management team composed of more than 200 financial investment consultants and more than 2,500 wealth management managers to provide customers with professional services such as investment and wealth management solutions and investment and wealth management products; The exclusive VIP channel of BOC Wealth Management will be opened at airports in major cities in China to further improve the customer value-added service system of BOC Wealth Management.
Private banking business
China Bank provides high-net-worth individual customers with personal financial assets of more than US$ 6,543,800+,which has become a new development platform for personal financial services of China Bank. Bank of China's private banking customers and assets under management are growing rapidly, with obvious first-Mover advantage.
Bank card business
China Bank continues to strengthen the research and development, marketing, service and system construction of bank card products.
Channel construction
Bank of China has 10 and 145 outlets in China, which is an important strategic resource for Bank of China. China Bank comprehensively promoted the transformation project of outlets, endowed outlets with core functions by classification, optimized business processes, and implemented key performance indicators assessment.
Bank of China continued to increase investment in ATM and other self-service equipment, and further optimized the layout and functions of the equipment.
Product service innovation
Relying on the global service network and diversified service platforms, China Bank provides customers with all-round financial services, and constantly innovates and introduces new financial products in local and foreign currencies. Continue to promote overseas wealth management counter business to facilitate cross-border asset allocation for customers.
Further subdivide customers' financing needs in consumption, investment management and other fields, and launch intermediary business services related to retail loans such as "Anxinbao" second-hand housing transaction fund entrusted supervision business and "Anyibao" second-hand housing transaction fund entrusted management business, which has enhanced the influence of the "ideal home" retail loan brand.
Strengthen the promotion of bank card products, and launch special products such as UnionPay single-currency Great Wall official card, Air China bosom friend BOC VISA Olympic credit card, BOC Ctrip credit card and Amway BOC credit card. , covering the market demand of official expenses, frequent travelers, business travel and business procurement of domestic enterprises and institutions respectively; China Bank Volkswagen Co-branded Card, Great Wall Ideal Home Co-branded Card and Great Wall China Life Co-branded Card were launched. Continuously improve the core functions of credit card products, and open the automatic repayment function of Great Wall RMB card to BOC credit card; Complete the transformation and upgrading of the EMV standard of Great Wall International Card.
Financial market business
The financial market business of China Bank mainly includes: proprietary trading of local and foreign currency financial instruments and agency business, various securities or index investment business in local and foreign currencies, debt capital market business, agency financing and asset management business, financial agency and custody business, etc. China Bank mainly operates its treasury business through five trading centers located in Beijing, Shanghai, Hongkong, London and new york.
Global investment
China Bank's global investment mainly includes foreign currency investment and local currency investment.
The foreign currency investments of China banks mainly include government bonds, institutional bonds, credit bonds, mortgage-backed bonds (MBS), asset-backed bonds (ABS) and money market loans.
Global transaction
Bank transactions in China are mainly divided into proprietary trading, market-making quotation trading and related valet trading.
In the market quotation business, Bank of China emphasizes the balance between business development and market liquidity risk control. In the inter-bank market, China Bank maintains a leading position in the fields of settlement and sale of foreign exchange, precious metals, RMB bonds and RMB swaps.
In trading agent, Bank of China actively seized the market opportunity of RMB interest rate rising and exchange rate fluctuation intensifying, and increased the promotion of hedging tools such as forward settlement and sale of foreign exchange and RMB structured interest rate swap, driving the growth of non-interest income.
asset management
Bank of China launched 33 1 local and foreign currency structured wealth management products. 8 products were launched in RMB Asset Management 16.
Debt capital market
China Bank further optimized its customer service, and launched financing consulting business during the year.
Fund trusteeship
China Bank seized the favorable opportunity of the rapid development of the capital market, vigorously expanded fund consignment, custody and various asset custody businesses such as annuity, social security, insurance, QDII, QFII, trust, special account wealth management and direct investment funds, strengthened risk management and internal control, continuously improved the information technology level and service quality of the consignment custody business, and realized the sustained and rapid growth of the fund consignment custody business.
Enterprise annuity management
In 2007, Bank of China successfully obtained the qualification of account manager of enterprise annuity, with dual qualifications of account manager and custodian, which created favorable conditions for the development of enterprise annuity business.
Product service innovation
The ability to design and quote new products is one of the main competitive advantages of China Bank's financial market business. China Bank has always adhered to the innovative concept of customer demand-oriented, and is committed to attracting customers by developing innovative and tailor-made capital products and services with rich foreign exchange business experience and professional knowledge of strategic investors.
Bank of China Hong Kong Branch
Bank of China operates commercial banking business in Hong Kong through its subsidiary Bank of China, Hong Kong Branch. BOC Hong Kong is one of the major commercial banking groups in Hong Kong, providing comprehensive financial products and services to retail customers and corporate customers through more than 280 branches, more than 450 ATMs and other sales channels. BOC Hong Kong is one of the three note-issuing banks in Hong Kong. BOC Hong Kong has 65,438+05 branches in Chinese mainland and 65,438+0 branches overseas, providing cross-border banking services to customers in Hong Kong, Chinese mainland and overseas. BOC Hong Kong Holdings, which holds all the shares of BOC Hong Kong, began listing on the main board of the Hong Kong Stock Exchange on July 25th, 2002. China Bank holds 65.77% of the shares.
2007 is the 90th anniversary of BOC Hong Kong's service to Hong Kong. In the course of 90 years' history, BOC Hong Kong and Hong Kong have shared the same breath, developed together and prospered together, and won wide support and sincere trust from all walks of life in Hong Kong, becoming an important force in the financial sector in Hong Kong. 2007 is also the second year for BOC Hong Kong to implement the 2006-20 1 1 strategic plan. With its solid foundation in Hong Kong, BOC Hong Kong will consolidate its position in mainland China, establish a strategic foothold in the regional market, and strive to become the best financial services group.
agency business
BOC Hong Kong continued to optimize its stock service platform and improve its service level, with outstanding performance in stock trading business. In addition, the newly launched private placement service has also been welcomed by customers.
Renminbi business in Hong Kong
BOC Hong Kong was authorized by the People's Bank of China to continue to serve as the RMB clearing bank of Hong Kong banks. We will continue to broaden the scope of services and actively promote RMB comprehensive wealth management services. In 2007, with the opportunity of issuing RMB bonds in Hong Kong, BOC Hong Kong successfully became one of the joint lead banks, bookkeeping banks and placing banks for issuing RMB bonds in China Development Bank, The Export-Import Bank of China and China, further consolidating its market position.
Capital product business
Including structured notes and stock derivative warrants products, as well as China qualified domestic institutional investor (QDII) products. The new product has been welcomed by customers and achieved satisfactory sales results. In 2007, BOC Hong Kong further expanded its cash management service platform to provide tailor-made cash management services for key customers.
Mainland business in China
In terms of China's mainland business, BOC Hong Kong continues to exert the linkage effect with China Bank while actively developing its own business. Through mutual business introduction, both parties win each other.
As an important step of BOC Hong Kong's "dual-track development" business development strategy in China, Nanyang Commercial Bank (China) Co., Ltd. (hereinafter referred to as "Nanshang China") officially opened on February 24th, 2007. Headquartered in Shanghai, Nanshang China is engaged in comprehensive banking, including RMB retail banking. The mainland branches of BOC Hong Kong and chiyu banking corporation limited Limited continue to operate as existing branches of foreign banks, focusing on the development of corporate banking and foreign exchange business.
investment banking