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Bank
FINANCIAL | Securities Brokers & Traders
boc.cn

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Investments

30

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

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Bank of China Rank

Research containing Bank of China

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CB Insights Intelligence Analysts have mentioned Bank of China in 2 CB Insights research briefs, most recently on Dec 17, 2020.

Latest Bank of China News

Bank of China dangles cash reward for going green with mortgages for sustainable housing

Sep 23, 2021

Intellasia East Asia News 23-Sep-2021 Intellasia | South China Morning Post | 5:02 AM Bank of China (Hong Kong), the largest provider of financing for completed homes in the city, is teaming up with developers to offer cash rewards to mortgage applicants in residential developments with “green credentials.” The local unit of China’s third-largest banking group has lined up several projects from 10 developers so far under its so-called Green Mortgage Plan to promote sustainable development, according to its website. Almost 2,300 units are still available for sale in those projects, according to data compiled by real-estate agency 28Hse. “We are working closely with other developers and look forward to extending the plan to more certified green developments to promote the transition to a low-carbon and sustainable economy,” said Florence Chan, deputy general manager in the personal digital banking product department. “The market response has been positive.” The bank first launched the mortgage plan earlier this month in a tie-up with Sino Land Company, dangling a cash reward of HK$6,888 (US$886) to successful homebuyers and mortgage applicants until the end of the year. The scheme aims to generate savings in the form of 900 pieces of paper for each approval, the lender estimates. That is equivalent to 0.02 tonnes of carbon emission reduction in a paperless and digitalised process. The cash incentive, however, applies only to energy-efficient properties that are assessed by Beam Plus, which provides independent assessments of sustainability performance, as well as those vetted by Hong Kong Green Building Council. There are about 200 residential projects certified as Platinum or Gold by the council at the end of August. The projects in the sustainability drive include Sino Land’s Silversands, One Soho and Grand Central co-developed by Urban Renewal Authority (URA), Wheelock Properties’s Koko Hills (Phase 1), and Henderson Land’s The Henley (Phase 1 and 3) and Two Artlane. Other participating developers include RK Properties, Ping An Real Estate and MTR Corp, Chinese Estates Holdings, K Wah International, Shimao Property and SEA Group. “Feedback on the plan has been positive,” said Thomas Tang, executive director and group chief financial officer of Sino Group. “We look forward to expanding the portfolio of projects eligible for the plan, and increasing collaborations with our partners in all markets.” Buyers of The Henley units who successfully applied for green financing from the Bank of China unit could experience paperless and digital mortgage services, Henderson Land said. It dovetails the developer’s sustainability strategy to build a green future, it added. As the green mortgage plan involves cooperation with different developers and an investment in online financial technology, other banks will monitor the market reaction before entering the fray too, according to mReferral Mortgage Brokerage Services. “It will take at least a few years, say two to five years, for the plan to gain popularity in Hong Kong,” said Eric Tso, chief vice-president at mReferral, which has partnered with nine banks to drive mortgage applications online. As a large bank in Hong Kong, the Bank of China is setting a good example for other lenders to follow, he added. Hang Seng Bank also “attaches great importance” to ESG initiatives, a spokeswoman said, having launched an online platform with information submission and documents upload for home mortgage applications. The bank, a subsidiary of HSBC, has also worked closely with various property developers, real-estate agents and mortgage brokers to offer instant property valuations and solutions to deliver convenient and seamless services to homeowners. “The bank will continue to optimise its mortgage services with the latest technology to meet evolving customer needs,” she added.

Bank of China Investments

30 Investments

Bank of China has made 30 investments. Their latest investment was in Auramet as part of their Line of Credit - III on August 8, 2021.

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Bank of China Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

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

WM Motor

$1,787.12M

Yes

1

7/10/2020

Line of Credit

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$99M

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10

6/29/2020

Line of Credit - II

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$99M

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10

Date

8/6/2021

6/22/2021

2/9/2021

7/10/2020

6/29/2020

Round

Line of Credit - III

Line of Credit

Line of Credit

Line of Credit

Line of Credit - II

Company

Auramet

ALTANA

WM Motor

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Amount

$300M

$297.39M

$1,787.12M

$99M

$99M

New?

Yes

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 Alibaba Group, and Ant Group on August 8, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

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

Refinitiv

United Kingdom

Bank of China teams up with Refinitiv to launch new foreign exchange price prediction app DeepFX

Bank of China teams up with Refinitiv to launch new foreign exchange price prediction app DeepFX

6

12/20/2019

Partner

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10

9/30/2019

Partner

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10

Date

8/25/2020

8/18/2020

3/24/2020

12/20/2019

9/30/2019

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Alibaba Group, and Ant Group

Fullerton Financial Holdings

Refinitiv

Country

China

Singapore

United Kingdom

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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 .

Bank of China teams up with Refinitiv to launch new foreign exchange price prediction app DeepFX

Bank of China teams up with Refinitiv to launch new foreign exchange price prediction app DeepFX

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Sources

1

1

6

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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