China Bank Abbreviations

Introduction

China Bank, officially known as Bank of China (BOC), is one of the four biggest state-owned commercial banks in China. In order to facilitate communications and shorten the length of words, acronyms and abbreviations are commonly used in the banking industry. This article will introduce the most commonly used abbreviations in Bank of China.

Abbreviations of China Bank

1. BOC: Bank of China

Bank of China (BOC) is the oldest and most internationalized commercial bank in China. It was founded in 1912 in Beijing and is headquartered in Beijing, China. The bank provides a wide range of financial services, including personal banking, corporate banking, investment banking, and insurance. BOC is also one of the largest issuers of credit cards in China.

2. CMB: China Merchants Bank

China Merchants Bank (CMB) is a joint-stock commercial bank founded in 1987 and headquartered in Shenzhen, China. It is the first shareholding commercial bank wholly owned by corporate legal entities in China. CMB provides a full range of financial services, including personal banking, corporate banking, and investment banking. CMB is known for its high-quality customer service and cutting-edge technology.

3. ICBC: Industrial and Commercial Bank of China

Industrial and Commercial Bank of China (ICBC) is the largest commercial bank in China and one of the largest banks in the world by total assets. It was founded in 1984 and is headquartered in Beijing, China. ICBC provides a wide range of financial services, including personal banking, corporate banking, investment banking, and insurance. In recent years, ICBC has expanded its international presence, with branches in over 40 countries and regions.

Conclusion

In summary, Bank of China and other Chinese banks use many abbreviations and acronyms to communicate more efficiently. The above is a brief introduction to the most commonly used abbreviations of China Bank. If you want to work in the banking industry in China, it's important to become familiar with these abbreviations.