Bank of China (Hong Kong)

Bank of China (Hong Kong) Limited
中國銀行(香港)有限公司

Bank of China Tower in Hong Kong
Company type	public
Traded as	SEHK: 2388 Hang Seng Index component (as BOC Hong Kong (Holdings))
Industry	Financial services
Founded	16 October 1964; 60 years ago (1964-10-16) (incorporation of the legal entity Po Sang Bank) 1 October 2001; 23 years ago (2001-10-01) (current name)
Headquarters	Bank of China Tower, Central, Hong Kong
Key people	Ge Haijiao, Chairman Sun Yu, Vice chairman and Chief Executive
Products	Retail banking corporate banking investment banking insurance private banking private equity mortgage loans credit cards investment management wealth management asset management mutual funds exchange-traded funds index funds
Operating income	HKD58.4 billion (2019)[1]
Net income	HKD34.1 billion (2019)[1]
Total assets	HKD3,026 billion (2019)[1]
Number of employees	14,832 (2022)[1]
Parent	Bank of China
Website	bochk.com

Bank of China (Hong Kong) Limited (Chinese: 中國銀行(香港)有限公司), abbreviated as BOCHK (Chinese: 中銀香港), is a subsidiary of the Bank of China (via the Hong Kong-listed intermediate holding company BOC Hong Kong Holdings). Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits (2008 data),^[2] with more than 190 branches across Hong Kong as of the end of 2019.^[1] It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.

BOCHK is legally separated from its parent, Bank of China (BOC), although they maintain close relations in management and administration and co-operate in several areas, including reselling BOC's insurance and securities services. BOCHK is also the biggest member and a founder of^[clarify] the JETCO ATM and payment system, and the designated clearing bank in Hong Kong for transactions involving the Renminbi (RMB / CNH).

BOCHK was established on 1 October 2001 from a merger of 12 subsidiaries and associates of the Bank of China in Hong Kong, and listed on the Hong Kong Stock Exchange in October 2002.^[3] As of the end of 2019, the bank had HKD3,026 billion in assets and an operating profit of HKD39.8 billion.^[1] Its head office is in the Bank of China Tower in Central, Hong Kong.^[4] The head office is shared with the Hong Kong units of its parent company; it was completed in 1988 and was the first building outside North America to exceed 1,000 feet (305 m) in height.