Bank of Beijing Co Ltd Complete Profile

Bank of Beijing Co Ltd is a Chinese bank that has a long history dating back to 1904. It was founded by a group of Chinese businessmen.

The bank's name was changed to Bank of Beijing in 1995, after the Chinese government introduced economic reforms. It has since become one of the largest banks in China.

Bank of Beijing Co Ltd is headquartered in Beijing, China's capital city. It has a network of over 1,000 branches across the country.

The Bank of Beijing is a bank with a rich history. It was initially known as 北京城市合作银行 and was incorporated on 29 January 1996. The bank was founded as a holding company for the credit unions in the city.

The bank has undergone several name changes over the years. In 1998, it was renamed 北京市商业银行, and in 2004, it was approved to be renamed Bank of Beijing by the China Banking Regulatory Commission. The name change took effect on 1 January 2005.

Here are some key shareholders of the bank:

The Bank of Beijing has a fascinating history that spans over two decades. It was initially known as 北京城市合作银行 and was incorporated on 29 January 1996.

The bank was founded as a holding company for the credit unions in the city, but it wasn't long before it faced its first major challenge. In 1997, one of the former credit unions in Zhongguancun was discovered to have an accounting scandal with a huge deficit.

The manager of that branch was arrested in 2011 and sentenced to 14 years in prison in 2012, while the governor was arrested in 1998 and sentenced to capital punishment in 2003.

In 1998, the bank was renamed to 北京市商业银行 and became one of the licensees of urban commercial banks. This marked a significant change for the bank, but it wasn't until 2004 that it was officially renamed to Bank of Beijing.

The Bank of Beijing became a Sino-foreign joint venture in 2005, with ING Group purchasing 19.9% of its shares. This move marked a significant milestone for the bank, but it wasn't without controversy.

In 2013, an independent director of the bank accused the State-owned Assets Supervision and Administration Commission (SASAC) of influencing the election of the supervisory board. This led to a minor controversy, but it didn't seem to affect the bank's operations.

The bank also faced another minor scandal in 2015, when one of its directors was under investigation for corruption. He was dismissed by the shareholders' meeting and later sentenced to 11 years in prison for his crime.

Today, the Bank of Beijing is a listed company on the Shanghai Stock Exchange and has a significant stake in a Sino-foreign joint venture insurance company. Despite the challenges it has faced, the bank has continued to grow and evolve over the years.

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Bank of Beijing Co Ltd is a financial institution with a presence in various locations. The company's financials are a crucial aspect of its operations.

Bank of Beijing Co Ltd's financials are detailed in the Financials section of the overview. The company's executives play a significant role in shaping its direction.

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The company's executives are listed in the Executives section of the overview. Bank of Beijing Co Ltd operates in various segments, which are analyzed in the Segment Analysis section.

Here is a summary of the company's segments:

Bank of Beijing Co Ltd's SWOT analysis is also available in the SWOT Analysis section of the overview. This analysis provides insights into the company's strengths, weaknesses, opportunities, and threats.

The Bank of Beijing has a diverse group of shareholders. ING Bank, a Netherlands-based multinational bank, is one of the major shareholders, owning 13.03% of the bank's shares as of December 2017.

The Beijing Municipal People's Government also holds a significant stake in the bank. They own 8.63% of the ordinary shares directly, as well as an additional 8.59% of shares through Beijing Energy Investment Holdings.

Macro-Link Holding is the third largest shareholder, but it's worth noting that they are a private company.

The Bank of Beijing has consistently performed well in global rankings. It ranked 73rd in the world in 2017 Top 1000 World Banks by The Banker magazine.

The bank's strong presence in mainland China is evident in its ranking, coming in 15th in 2017. This is a testament to its ability to serve the local market effectively.

In 2010, the bank ranked 155th globally, but its performance within mainland China was impressive, ranking 12th. This shows that the bank was able to adapt to the changing market conditions.

The bank's performance in 2016 was also notable, ranking 77th in the world. This ranking demonstrates the bank's ability to maintain a strong position in the global market.

Bank of Beijing has a long history dating back to 1908, making it one of the oldest banks in China.

The bank's history is marked by significant milestones, including its establishment as the Bank of Tianjin in 1908, its renaming to Bank of Beijing in 1954, and its re-establishment as a joint-stock commercial bank in 1994.

Bank of Beijing's business strategy focuses on serving the Beijing market, with a network of over 400 branches and sub-branches across the city.

The bank's asset size has grown significantly over the years, with a total asset value of 2.4 trillion yuan as of 2020.

Bank of Beijing has a strong commitment to corporate social responsibility, with a focus on supporting small and medium-sized enterprises in the Beijing region.

The bank's efforts in this area have been recognized through various awards and accolades, including being named one of the "Top 100 Most Valuable Brands in China" in 2020.

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