Brief introduction of Bank of Communications

Shake hands with Bank of Communications, and you will always be a friend of 360 lines.

I. Historical Evolution of Bank of Communications (1907- 1958)

Bank of Communications, founded on March 4th, 1908, is the earliest national joint-stock commercial bank among the existing banks in China and occupies an important position in the financial history of modern China. 1949 after the national liberation, Bank of Communications became a bank serving the people's construction. 1958 except hongkong branch, its mainland business was merged into the local people's bank and China construction bank respectively, and the domestic institutions no longer exist. The authority of Bank of Communications is the shareholders' meeting. The Board of Directors of Bank of Communications is the executive body of the shareholders' meeting and has a standing board of directors. Bank of Communications has a board of supervisors. Bank of Communications implements the president responsibility system under the leadership of the board of directors. The president is the legal representative of the Bank of Communications. The Bank of Communications Advisory Committee is a think tank of the head office. Bank of Communications implements a general branch system and a two-level management system of legal person.

Two. Reorganization of Bank of Communications (1986- 1998)

1On July 25th, 986, the State Council issued the Notice on the Reorganization of Bank of Communications, and the Bank of Communications was completely transformed. From 1986 to 1998, the reform and development of Bank of Communications can be roughly divided into four stages:

The first stage (1986- 1989)

Mainly during the preparation, establishment and practical work, the reconstruction has experienced the severe test of funds, institutions and talents from scratch.

The second stage (1989- 1992)

Under the premise of implementing the "double austerity" policy and rectifying the financial order in China, we will adhere to the road of comprehensive bank development, thus initially forming the basic framework of national joint-stock commercial banks.

The third stage (1992- 1993)

Study and implement the spirit of Deng Xiaoping's southern speech, seize the opportunity, deepen the reform, clearly put forward the objectives and measures to standardize commercial banks, and lay the foundation for the new leap of Bank of Communications.

The fourth stage (1994- 1998)

Realize the reform of unified legal person system, carry out the reform of bank staff system, reform the management systems of its subsidiaries, China Pacific Insurance Company and Shanghai Haitong Securities Company, and strive to achieve the overall development goal of making Bank of Communications a more standardized international joint-stock commercial bank in China by 2000.

Third, the nature and organization of Bank of Communications.

The full name of BANK OF COMMUNICATIONS LTD Bank of Communications is a national joint-stock commercial bank led by the State Council, with a registered capital of 654.38+02 billion yuan and a par value of 654.38+0 yuan per share.

Fourth, in order to conform to the trend of reform and opening up.

19 88, 10, Bank of Communications Xuzhou Branch came into being. After hard work and pioneering struggle, it has developed into a joint-stock commercial bank with a certain scale and strength. By the end of February 1999, there were 26 commercial organizations with more than 400 employees. Business development is based on Xuzhou, the central city of Huaihai Economic Zone, and the operating mechanism of "independent operation, self-financing, self-balance, self-development" is improved. The business scope has developed to RMB deposit and loan, personal small pledge loan, RMB foreign currency deposit, credit card processing, international trade settlement, foreign currency exchange, traveler's checks, foreign currency deposit and loan, foreign exchange guarantee and credit consultation. At present, Xuzhou Branch of Bank of Communications has opened universal deposit and withdrawal of local and foreign currency deposits, improved telephone banking services, broadened agency business (including payroll, bank-securities transfer and collection fees), self-service bank 24-hour universal deposit and withdrawal service, and Pacific Card "National Pass" and "One Card". Bank of Communications Xuzhou Branch is accelerating the pace of electronic construction, constantly improving the service environment, striving to provide high-quality, efficient, fast, thoughtful and advanced financial services to our customers, and truly becoming a good helper for customers' financial management. Bank of Communications was rated as the best bank in China 1999. Euromoney, a world-famous financial magazine, commented on global financial institutions and named the best financial institutions in various regions and industries. Among them, Bank of Communications was rated as the best bank in China. As mentioned in the commentary, Bank of Communications is the fifth largest bank in China, with a shareholding system and various types of shareholders. Banks implemented asset-liability management earlier, and decided the amount of loans according to the amount of deposits. This prudent management model is also reflected in the bank's high bad debt reserve and asset quality. The magazine praised Bank of Communications as a pearl of China's banking industry.