China‘s First State-owned Investment Bank
On March 2nd 1979, China Development Finance Company (HK) Limited was established in Hong Kong. It was engaged in arranging syndicated loans, as well as providing corporate finance, mergers and acquisitions and other advisory services.
In 1983, Bank of China Group Securities Limited was formed to participate fully in the Hong Kong stock and futures trading business. In recent years, it has been a leader (Hong Kong Stock Exchange Category A member) in terms of transaction volume.
In 1996, Bank of China International (UK) Limited was registered in the United Kingdom, the registry of which broadened the reach of our investment banking business across major financial centers.
In 1998, the Bank of China conducted a major strategic restructuring of the overseas investment banking institutions under its wing. BOCI was established and domiciled in Hong Kong, where it oversees all of Bank of China’s domestic and overseas investment banking businesses.
In June 2000, BOCI officially opened its representative office in Beijing, the first step in its expansion into the mainland.
In March 28th 2002, BOCI International (China) Limited “BOCI China”) was established. It was established by BOC I as a Mainland investment bank in conjunction with leading Chinese corporations such as China National Petroleum Corporation, State Development & Investment Corporation, China General Technology (Group) Holdings Limited, Shanghai State-Owned Assets Operation Co., Ltd and Yuxi Hongta Tobacco (Group) Co., Ltd. The establishment of BOCI China is a milestone in BOCI’s realization of its mainland development strategy.