History and Our Advantages
2021-06-30
BANK OF CHINA IN AUSTRALIA
Bank of China Sydney (BOCS) is one of Bank of China's key overseas institutions. Originally established more than seventy years ago during World War Two, BOCS resumed operations in 1985 with the Bank of China (Australia) Limited established in 2005.
Currently, BOCS is in 14 locations with more than 500 employees in five states across Australia. One of the top foreign banks in Australia in terms of asset size, BOCS is the oldest operating Chinese bank in Australia and is the only Chinese bank in Australia to provide both corporate and personal financial services. In November 2014, the People's Bank of China designated BOCS as an RMB clearing bank.
OUR ADVANTAGES
•Our Clients
1. The bank of choice for Chinese "going global" enterprises.
2. Extensive banking relationships with leading enterprises in major local industries.
3. Close relationships with the Australian four major local banks and with major local foreign banks.
4. Extensive personal client groups.
•Business Scale
Bank of China Sydney Branch has the longest history, largest business scope and number of offices of all the Chinese banks in Australia amongst which it has the most assets, largest deposit base and loan market share. It holds the number one position in both clearing and syndicated financing among the Chinese banks here and its overall business volume is way ahead of these competitors.
•Our Products
Bank of China is so far the only Chinese bank in Australia holding full service banking licences with authority to operate both personal and corporate businesses covering both retail and wholesale banking through its Bank of China Sydney Branch and its Australian subsidiary, Bank of China (Australia) Limited. The Bank has a full range of RMB products, a complete RMB system with markedly greater market visibility and influence among other Chinese banks in Australia.
