"ICBC = Aicun", what is Bank of Communications?

Bank of Communications (BCM) = No deposit?

Extended data

Bank of Communications is one of the major financial service providers in China, covering commercial banks, securities, trusts, financial leasing, fund management, insurance and offshore financial services.

There are 235 domestic branches of Bank of Communications, including 30 provincial branches, 7 directly affiliated branches and 198 provincial branches, with 3,270 outlets in 239 cities at or above the prefecture level and 158 counties or county-level cities. It owns seven non-bank companies, including wholly-owned subsidiaries of Bank of Communications Leasing, Bank of Communications Insurance and Bank of Communications Investment, and holding subsidiaries of Bank of Communications Fund, Bank of Communications Guo Xin, Bank of Communications Life Insurance and Bank of Communications International. In addition, Bank of Communications is the largest shareholder of Changshu Rural Commercial Bank and the largest shareholder of Tibet Bank. Strategic shareholding in Hainan Bank, holding four rural banks.

Development course:

1908 (thirty-four years of Guangxu), Bank of Communications was established.

After the founding of the Republic of China, the Bank of Communications was entrusted by the Central Bank to undertake the revenue and expenditure of the national treasury and exchange the national currency with the Bank of China.

1928, the Legislative Yuan of the National Government passed the Regulations on Bank of Communications, and Bank of Communications became a specialized bank to help farmers and workers. When Bank of Communications was founded, its headquarters was located in Beijing.

19 19. After World War I, Bank of Communications Shanghai Branch took over the four-story Renaissance-style building of Dehua Bank located at the Bund 14 in Shanghai Concession.

1928, with the national political center transferred from Beijing to Nanjing, Bank of Communications also moved its head office to Shanghai Bund 14.

1937 when War of Resistance against Japanese Aggression broke out, the head office of Bank of Communications moved to Chongqing.

References:

Bank of Communications Baidu Encyclopedia