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FINANCIAL | Securities Brokers & Traders
boc.cn

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Investments

31

Portfolio Exits

10

Funds

1

Partners & Customers

10

About Bank of China

Bank of China (SSE: 601988) (SEHK: 3988) operates the foreign exchange bank and the international trade bank.

Bank of China Headquarter Location

1 Fuxingmen Nei Dajie

Beijing, Beijing, 100818,

China

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Bank of China Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Bank of China Rank

Latest Bank of China News

China’s central bank proposes to monitor metaverse and NFTs

Dec 1, 2021

The metaverse and NFTs are in the crosshairs of the People’s Bank of China, which wants to track the with Anti-Money Laundering tools. 245 Total views News China’s crackdown on crypto is expanding into the metaverse and nonfungible tokens (NFTs), an executive at the People’s Bank of China (PBoC) recently implied. Speaking at a national financial security summit, Gou Wenjun, the director of the Anti-Money Laundering (AML) unit at the PBoC, pointed to the risks associated with leaving the new trends of the crypto ecosystem like NFTs and metaverse unregulated. He claimed that, while people would use said virtual assets for privacy and wealth appreciation, they are also prone to be used for illicit purposes like money laundering and tax evasion. The fast-paced innovation of the crypto world requires higher requirements in terms of risk supervision and governance, said the AML head, adding that the isolated nature of crypto, NFT and metaverse-based items from the real world can be used as a money-laundering tool. Suggesting an objective look at the evolution of virtual assets and the development of underlying technologies, Gou proposed to “clarify the division of supervisory responsibilities, improve the transparency of virtual assets, and explore the use of supervisory sandboxes to study and judge the essence and nature of virtual assets.” As the second step, Gou said China should strengthen the monitoring and analysis of virtual asset transactions. Banks and payment services that provide fiat-to-crypto gateways should authenticate senders and receivers with real names while improving the ability to identify suspicious transactions, he proposed.

Bank of China Investments

31 Investments

Bank of China has made 31 investments. Their latest investment was in Gerald Group as part of their Loan - II on September 9, 2021.

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Bank of China Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/29/2021

Loan - II

Gerald Group

$450M

No

1

8/6/2021

Line of Credit - III

Auramet

$300M

Yes

1

6/22/2021

Line of Credit

ALTANA

$297.39M

Yes

1

2/9/2021

Line of Credit

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$99M

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10

7/10/2020

Line of Credit

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$99M

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10

Date

9/29/2021

8/6/2021

6/22/2021

2/9/2021

7/10/2020

Round

Loan - II

Line of Credit - III

Line of Credit

Line of Credit

Line of Credit

Company

Gerald Group

Auramet

ALTANA

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Amount

$450M

$300M

$297.39M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Bank of China Portfolio Exits

10 Portfolio Exits

Bank of China has 10 portfolio exits. Their latest portfolio exit was SciClone Pharmaceuticals on March 03, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/3/2021

IPO - II

$991

3

2/4/2021

Corporate Majority - II

$991

1

10/30/2020

IPO

$991

2

00/00/0000

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10

00/00/0000

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10

Date

3/3/2021

2/4/2021

10/30/2020

00/00/0000

00/00/0000

Exit

IPO - II

Corporate Majority - II

IPO

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

3

1

2

10

10

Bank of China Acquisitions

2 Acquisitions

Bank of China acquired 2 companies. Their latest acquisition was SciClone Pharmaceuticals on October 13, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/13/2017

Take Private

$991

Take Private

3

12/15/2006

Acquired

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$991

$99M

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10

Date

10/13/2017

12/15/2006

Investment Stage

Take Private

Acquired

Companies

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Valuation

$991

$991

Total Funding

$99M

Note

Take Private

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Sources

3

10

Bank of China Fund History

1 Fund History

Bank of China has 1 fund, including 绿色基金 (Green Fund).

Closing Date

Fund

Fund Type

Status

Amount

Sources

绿色基金 (Green Fund)

1

Closing Date

Fund

绿色基金 (Green Fund)

Fund Type

Status

Amount

Sources

1

Bank of China Partners & Customers

10 Partners and customers

Bank of China has 10 strategic partners and customers. Bank of China recently partnered with BestPay on September 9, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

9/11/2021

Partner

BestPay

Brazil

1

8/25/2020

Partner

Alibaba Group, and Ant Group

China

Bank of China, Alibaba, Ant Financial establish partnership

Bank of China , Alibaba , Ant Financial establish partnership

1

8/18/2020

Partner

Fullerton Financial Holdings

Singapore

Temasek's Fullerton Financial Holdings and Bank of China jointly establish community bank to support China’s 'three rural' policy and small micro-enterprises

The partnership between both companies leverages on BOC 's branding and capital resources , together with Fullerton Financial Holdings 's small and medium-sized enterprises and micro-financing business models to produce a truly unique brand of community banks -- BOC which is now China 's largest community bank network .

1

3/24/2020

Partner

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10

12/20/2019

Partner

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10

Date

9/11/2021

8/25/2020

8/18/2020

3/24/2020

12/20/2019

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

BestPay

Alibaba Group, and Ant Group

Fullerton Financial Holdings

Country

Brazil

China

Singapore

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News Snippet

Bank of China, Alibaba, Ant Financial establish partnership

Bank of China , Alibaba , Ant Financial establish partnership

Temasek's Fullerton Financial Holdings and Bank of China jointly establish community bank to support China’s 'three rural' policy and small micro-enterprises

The partnership between both companies leverages on BOC 's branding and capital resources , together with Fullerton Financial Holdings 's small and medium-sized enterprises and micro-financing business models to produce a truly unique brand of community banks -- BOC which is now China 's largest community bank network .

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Sources

1

1

1

10

10

Bank of China Team

2 Team Members

Bank of China has 2 team members, including current Managing Director, Peter Reisman.

Name

Work History

Title

Status

Peter Reisman

Managing Director

Current

Vipin Ahuja

Chief Marketing Officer

Former

Name

Peter Reisman

Vipin Ahuja

Work History

Title

Managing Director

Chief Marketing Officer

Status

Current

Former

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