As a bank specializing in international trade, Bank of China maintained foreign exchange operations and international remittances, as well as extended financial support for importing strategic materials. It became a major lifeline for China's wartime economy.

After the victory of Chinese People's War of Resistance Against Japanese Aggression, BOC actively participated in restoring international financial channels, resumed overseas remittance services, and provided foreign exchange funding necessary for postwar reconstruction. Meanwhile, underground Party members within the bank safeguarded its assets and prepared for the transition to new governance. In March 1946, the Shanghai branch initiated an association. Joined by staff members from six financial institutions, the association launched a publication, which gradually became a platform for promoting progressive thought and Party policy.

Cover of the association's publication, 1946. [Photo/BOC]