Bank of China (Canada) ('BOCC') is in a unique position to provide services bridging the trade and investment activities between both countries. Our mission is to facilitate the economic and trade development of Canada and China. The presence of BOCC in Canada aims to provide financial services to businesses in facilitating their Canada-China trade and investment activities, in particular the Chinese 'Go Global' enterprises, corporate and individual customers, local communities, visa students and temporary residents in Canada.
The presence of BOCC in Canada aims to provide financial services to businesses in facilitating their Canada-China trade and investment activities, in particular the Chinese 'Go Global' enterprises, corporate and individual customers, local communities, visa students and temporary residents in Canada.
Bank of China was formally established in February 1912 following the approval of Dr. Sun Yat-sen. From 1912 to 1949, the Bank served consecutively as the country's central bank, international exchange bank and specialised international trade bank. Fulfilling its commitment to serving the public and developing China's financial services sector, the Bank rose to a leading position in the Chinese financial industry and developed a good standing in the international financial community, despite many hardships and setbacks. After 1949, with a long history as the state-designated specialised foreign exchange and trade bank, the Bank became responsible for managing China's foreign exchange operations and provided vital support to the nation's foreign trade development and economic infrastructure through its offering of international trade settlement, overseas fund transfer and other non-trade foreign exchange services. During China's reform and opening up period, the Bank seized the historic
BOCC was incorporated as a Schedule II bank in September 1992 and has operated since May 1993. BOCC is a full-service bank in Canada. It carries on business under Canada's Bank Act and operates under the supervision of the Office of Superintendent of Financial Institutions. BOCC is a member of the Canadian Bankers Association, Canadian Payments Association, as well as the Canada Deposit Insurance Corporation ('CDIC'). CDIC insures eligible Canadian dollar deposits at member institutions having tenures of up to five years and up to C$100,000 per depositor. BOCC opened its first branch in Toronto's Chinatown in 1994, followed by the Vancouver branch in 1995. The second branch, in the Greater Toronto Area, was opened in Scarborough in 2005.
Canada and China may be a world apart on the globe, but Bank of China (Canada) ('BOCC') is in a unique position to provide services bridging the trade and investment activities between both countries. Our mission is to facilitate the economic and trade development of Canada and China. BOCC was incorporated as a Schedule II bank in September 1992 and has operated since May 1993. BOCC is a full-service bank in Canada. It carries on business under Canada's Bank Act and operates under the supervision of the Office of Superintendent of Financial Institutions. BOCC is a member of the Canadian Bankers Association, Canadian Payments Association, as well as the Canada Deposit Insurance Corporation ('CDIC'). CDIC insures eligible Canadian dollar deposits at member institutions having tenures of up to five years and up to C$100,000 per depositor.