What are the advantages of China Bank over other domestic banks?

The advantage of BOC lies in its foreign currency business. Its predecessor is the International Business Department of the People's Bank of China, and it has branches in many countries around the world. Therefore, if you have a lot of foreign currency business to do, China Bank is definitely your best choice.

BOC has the advantage of internationalization. Bank of China has more than 600 overseas institutions in 27 countries and regions around the world, and has business dealings with more than 400 foreign banks. In addition, the holding subsidiary Bank of China Hong Kong has more than 280 branches in Hong Kong, which is the largest branch network among banks in Hong Kong. Bank of China Macau Branch is the largest bank in Macau with total assets, accounting for 30% of the local market share. Compared with joint-stock banks, China Merchants Bank has only one representative office and two employees in the United States, while Shanghai Pudong Development Bank, Minsheng Bank, Huaxia Bank and Shenzhen Development Bank have not set up representative offices or branches abroad.

It can be seen that China Bank has the most extensive international network among domestic commercial banks, and its international development is ahead of other banks. As China Bank used to be a national specialized foreign exchange and foreign trade bank in China, it enjoyed a monopoly position in foreign exchange business, which made China Bank the most international commercial bank among domestic banks at present. It has established overseas branches in Hongkong, Macau, London, Osaka, Singapore, new york, Bangkok and Tokyo.

At present, it has a network of institutions in 27 countries and regions around the world, and the number of overseas institutions has reached 603. With its extensive overseas network and outstanding strength and advantages in international finance and foreign exchange business, its international business has always ranked first among domestic banks.