The China Bank of Communications is ranked by Forbes as the seventh largest company in China when giving equal weighting to sales, profits, assets and estimated market value. As of 2024, the Bank of Communications (BoCom) had total assets of approximately RMB 14.9 trillion and employed approximately 97,900 people.
The China Bank of Communications was founded in 1908 and was one of the few national note-issuing banks in China. After the Chinese civil war in 1949 in a similar way to the Bank of China the Bank of Communications was split into two, with part of the bank relocating to Taiwan.
Today, the Bank of Communications is one of the top five leading banks in China and has over 2,800 branches covering over eighty major cities in China. The Bank of Communications also has overseas branches in Hong Kong, New York, Tokyo, Singapore and representative offices in London and Frankfurt. HSBC's stake in the Bank of Communications had grown to 19.03% by 2024; following a 2025 share placement by BoCom, HSBC's holding is set to reduce to approximately 16%.
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