Bocom Foreign Currency Deposit and Loan Options

Bocom offers a range of foreign currency deposit options, including a non-resident foreign currency deposit account that allows individuals to deposit and manage foreign currencies.

You can choose from a variety of foreign currencies, including US dollars, euros, and Japanese yen, and earn interest on your deposits.

Bocom's foreign currency deposit accounts come with competitive interest rates, ranging from 0.5% to 2.5% per annum, depending on the currency and account type.

Interest is compounded daily and paid quarterly, making it easy to grow your foreign currency savings.

For another approach, see: China Open Credit Cards Foreigner Deposit

BOCOM Financial Leasing, a Shanghai-based aircraft lessor, successfully completed a US$300 million dual-tranched offering of fixed-rate installment notes backed by eight Airbus aircraft.

This landmark deal marks the first aircraft-backed capital markets offering for BOCOM Financial Leasing and only the second such capital markets offering for a Chinese lessor out of Asia.

The notes were issued by Blu Zenith Designated Activity Company, an Ireland-based special purpose vehicle, with BOCOM Financial Leasing providing credit support for the issuance.

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The offering is secured by a portfolio of Airbus A320, A321, and A330 passenger aircraft leased to several airlines, including Asiana Airlines, Juneyao Airlines, EVA Air, SAS, and Air Berlin.

HSBC and Standard Chartered acted as the joint global coordinators, while CICC and Jefferies were involved as joint bookrunners and joint lead managers.

Milbank, Tweed, Hadley & McCloy LLP advised BOCOM Financial Leasing on the deal, with partners Paul Ng and Giles Kennedy leading the team.

The successful completion of this deal demonstrates the high level of innovation and versatility that has seen Milbank's Transportation and Space practice group continue to play an essential role in sophisticated aviation and aircraft finance deals across Asia.

China's BoCOM bank has an interesting trend when it comes to loans in foreign currency. The bank's loans in foreign currency decreased from 4.020 USD bn in 2003 to 4.010 USD bn in 2004.

The data is updated yearly, averaging 2.650 USD bn from 1997 to 2004. This average is based on 8 observations, making it a relatively stable range.

Here's a breakdown of the range: BoCOM's loans in foreign currency reached an all-time high of 4.020 USD bn in 2003 and a record low of 2.077 USD bn in 2000.

The company in question has a remarkable presence in the global shipping and aviation industry, covering 32 countries and regions across five continents. It boasts an impressive network of over 70 international customers, including top players like Maersk, MSC, and CMA-CGM.

Its business scope is incredibly diverse, with a focus on connecting domestic and overseas customers with local manufacturing enterprises like COMAC and China State Shipbuilding Corporation Limited. This strategic move promotes domestic and international capacity cooperation, supporting the growth of "Made in China" products globally.

The company's shipping leasing assets exceed RMB 100 billion, making it the largest leasing company in the domestic merchant fleet. It owns and manages an impressive 269 fleets, cementing its position as a leader in the industry.

Its aircraft leasing assets rank among the top three in China, a testament to its growing influence in the global aviation market. The company's commitment to innovation and expansion has enabled it to become a major player in the industry.

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China's banking system is a complex network of institutions that play a vital role in the country's economic growth. BoCOM, or Bank of Communications, is one of the key players in this system.

In 2004, BoCOM's deposits in foreign currency reached an all-time high of 6.154 USD bn. This is a significant increase from the previous year's number of 5.951 USD bn. The data is updated yearly and has been recorded since 1997.

The People's Bank of China reports BoCOM's foreign currency deposits, which is categorized under Global Database's China – Table CN.KE: Bank of Communications (BoCOM): Loan and Deposit: in Foreign Currency. This data is considered active and reliable.

Between 1997 and 2004, BoCOM's foreign currency deposits fluctuated, ranging from a low of 3.417 USD bn to a high of 6.154 USD bn.

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BoCOM's loans in foreign currency at the headquarter level were reported to be 0.000 USD mn in 2003, a value that remained constant from the previous year.

This data is updated yearly, averaging 5.240 USD mn from 1997 to 2003.

The data reached an all-time high of 11.480 USD mn in 1999 and a record low of 0.000 USD mn in 2003.

The frequency of this data is yearly, and the range is from 1997 to 2003.

Here's a breakdown of the key statistics:

This data is reported by The People's Bank of China and is categorized under Global Database's China – Table CN.KE: Bank of Communications (BoCOM): Loan and Deposit: in Foreign Currency.

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The Bank of Communications (BoCOM) has a significant presence in foreign currency loans, with a notable decrease in loans in foreign currency from 2003 to 2004.

BoCOM's loans in foreign currency peaked at 4.020 USD bn in 2003 and dipped to 4.010 USD bn in 2004.

This data is reported by The People's Bank of China and is categorized under Global Database's China – Table CN.KE: Bank of Communications (BoCOM): Loan and Deposit: in Foreign Currency.

Interestingly, the data is updated yearly, averaging 2.650 USD bn from Dec 1997 (Median) to 2004.

The all-time high of 4.020 USD bn in 2003 and the record low of 2.077 USD bn in 2000 are also worth noting.

Here's a summary of the data: