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Bank
FINANCE | Securities Brokers & Traders
boc.cn

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Investments

36

Portfolio Exits

11

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.

Headquarters Location

1 Fuxingmen Nei Dajie

Beijing, Beijing, 100818,

China

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Bank of China Web Traffic

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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 top banks to issue offshore loans to help developers repay debt: Sources

Dec 2, 2022

China's top banks to issue offshore loans to help developers repay debt: Sources Trending Topics Trending Topics China's top banks to issue offshore loans to help developers repay debt: Sources Unfinished apartment buildings stand at a residential complex developed by Jiadengbao Real Estate in Guilin, Guangxi Zhuang Autonomous Region, China on Sep 17, 2022. (File photo: Reuters/Eduardo Baptista) 02 Dec 2022 03:42PM (Updated: 02 Dec 2022 05:57PM) HONG KONG/SHANGHAI/BEIJING: China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, rolling out its latest support measure for the cash-starved property sector. The regulators have given 'window guidance', or verbal orders that leave no paper trail, to the banks, setting a date of Dec 10 by which to make the loans secured against domestic assets, two of the sources said. China has stepped up support measures in recent weeks to free up a liquidity squeeze that has stifled the sector, which makes up a quarter of the world's second-largest economy and has been a key driver of growth. A growing list of developers has defaulted on overseas creditor obligations over the past year, prompting some analysts to warn that such disruptions could blunt foreign investors' appetite for fresh debt issuance by Chinese companies. Funds received after the latest step will allow developers to repay offshore loans and dollar bonds in a bid to repair global investors' bruised confidence in the sector, two of the sources said. Developers seen as being of "good quality" from a balance-sheet perspective, such as CIFI Holdings, Country Garden, Longfor Group, Midea Real Estate and Seazen Group will qualify, one source said. Each of the four banks, Bank of China, China Construction Bank, Industrial and Commercial Bank of China and Agricultural Bank of China, will pick several developers to fund, the three sources said. Each bank will process three to four offshore loan proposals that will be secured against developers' assets in China, said two of the sources, adding that Beijing would expand the scheme later by adding more banks. The People's Bank of China and the China Banking and Insurance Regulatory Commission (CBIRC) did not immediately respond to Reuters' requests for comment. The big four banks did not respond to requests for comment, nor did representatives of CIFI, Country Garden, Longfor, Midea Real Estate and Seazen. Source: Reuters

Bank of China Investments

36 Investments

Bank of China has made 36 investments. Their latest investment was in Gerald Group as part of their Line of Credit on September 9, 2022.

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Bank of China Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/6/2022

Line of Credit

Gerald Group

$650M

No

1

8/12/2022

Series A

Xiangyu Agriculture

Yes

1

5/25/2022

Series A

CNG Wind Energy

Yes

1

3/3/2022

Series C

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$99M

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10

9/29/2021

Loan - II

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$99M

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10

Date

9/6/2022

8/12/2022

5/25/2022

3/3/2022

9/29/2021

Round

Line of Credit

Series A

Series A

Series C

Loan - II

Company

Gerald Group

Xiangyu Agriculture

CNG Wind Energy

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Amount

$650M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Bank of China Portfolio Exits

11 Portfolio Exits

Bank of China has 11 portfolio exits. Their latest portfolio exit was HDFC on April 04, 2022.

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

4/4/2022

Merger

$99M

6

3/3/2021

IPO - II

$99M

Public

3

2/4/2021

Corporate Majority - II

$99M

1

10/30/2020

IPO

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$99M

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10

2/18/2020

Acquired

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$99M

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10

Date

4/4/2022

3/3/2021

2/4/2021

10/30/2020

2/18/2020

Exit

Merger

IPO - II

Corporate Majority - II

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

6

3

1

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

$99M

Take Private

3

12/15/2006

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$99M

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10

Date

10/13/2017

12/15/2006

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

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 SM Supermalls on January 1, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

1/27/2022

Partner

Philippines

1

12/14/2021

Partner

United States

Bank of China enlists Milliman and CoverGo to build motor platform Insurance Business Asia

Bank of China has partnered with international consulting firm Milliman and insurtech firm CoverGo to streamline its motor insurance platform and customer experience .

1

9/15/2021

Partner

United Kingdom

GSBN brings in banks to advise on trade digitalisation

`` Through this partnership with Global Shipping Business Network , and other like-minded initiatives , DBS looks forward to enabling wider access to trade financing and services for a truly digital journey across data , physical and financial flows , '' adds Sriram Muthukrishnan , group head of product management at DBS .

1

9/15/2021

Partner

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10

9/11/2021

Partner

Brazil

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10

Date

1/27/2022

12/14/2021

9/15/2021

9/15/2021

9/11/2021

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Philippines

United States

United Kingdom

Brazil

News Snippet

Bank of China enlists Milliman and CoverGo to build motor platform Insurance Business Asia

Bank of China has partnered with international consulting firm Milliman and insurtech firm CoverGo to streamline its motor insurance platform and customer experience .

GSBN brings in banks to advise on trade digitalisation

`` Through this partnership with Global Shipping Business Network , and other like-minded initiatives , DBS looks forward to enabling wider access to trade financing and services for a truly digital journey across data , physical and financial flows , '' adds Sriram Muthukrishnan , group head of product management at DBS .

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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

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Name

Peter Reisman

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Work History

Title

Managing Director

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Status

Current

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