Company Profile

Bank of Communications Trustee Ltd.

Bank of Communications Trustee Limited (the “BOCOM Trustee”) was founded in Hong Kong in 1981. BOCOM Trustee has over 40 years comprehensive experience in trust and retirement scheme management. It is a wholly owned subsidiary of Bank of Communications Co., Ltd. (the "Bank of Communications"), one of the oldest banks in China. BOCOM Trustee is a well-established trust company with strong financial strength and distinguished reputation, with assets under administration nearly RMB¥640 billion (as of 31 December 2022).

BOCOM Trustee understands the needs of our local community and the cross-border opportunities for both Hong Kong and Mainland clients. Aiming to design and provide top-quality products and services to meet the financial and retirement needs of our clients, BOCOM Trustee provides a broad array of customized services including:

§ Retirement Services

§ Private Trust Services

§ Corporate Custodian Services

§ Nominee Services

§ Other financial Services

Bank of Communications Co., Ltd. (“BoCom”)

Founded in 1908, BoCom is one of the note-issuing banks with the longest history in modern China. BoCom reopened after reorganization on 1 April 1987. It is the first nationwide state-owned joint-stock commercial bank in China, with Head Office located in Shanghai. The Bank was listed on the Hong Kong Stock Exchange in June 2005 and on the Shanghai Stock Exchange in May 2007.

The Bank’s business scope includes commercial banking, securities, offshore financial services, fund management, trust, financial leasing, insurance, offshore securities, debt-for-equity swaps, and asset management, etc.

As at the end of 2022, the Bank has set up 248 domestic branches, including 30 Tier-1 branches, 7 directly operating branches of Head Office and 211 Tier-2 branches with 2,868 banking outlets nationwide. There are several non-bank subsidiaries, mainly including wholly-owned subsidiaries such as Bank of Communications Financial Leasing Co., Ltd., and BoCom Financial Asset Investment Co., Ltd., BOCOM Wealth Management Co., Ltd., China BoCom Insurance Co., Ltd., and subsidiaries with the controlling interests including Bank of Communications Schroder Fund Management Co., Ltd., Bank of Communications International Trust Co., Ltd., BoCommLife Insurance Company Limited and BoCom International Holdings Company Limited.

BoCom set up 23 overseas banking subsidiaries and branches, including Hong Kong Branch and Bank of Communications (Hong Kong) Limited, New York Branch, Tokyo Branch, Singapore Branch, Seoul Branch, Frankfurt Branch, Macau Branch, Ho Chi Minh City Branch, San Francisco Branch, Sydney Branch, Taipei Branch, London Branch and Bank of Communications (UK) Ltd., Bank of Communications (Luxembourg) S.A. and Luxembourg Branch, Brisbane Branch, Bank of Communications (Luxembourg) S.A. Paris Branch, Bank of Communications (Luxembourg) S.A. Rome Branch, Bank of Communications (Brazil) Co., Ltd., Melbourne Branch Prague Branch and Toronto representative office, and established 69 overseas banking outlets in total (excluding the representative offices).

In 2015, the State Council approved BoCom’s Plan to Strengthen Reformation. The strengthened reformation concentrates on three key areas including refining corporate governance mechanism as a large commercial bank, reinforcing operational improvements and promoting transformation, and innovating operating model. BoCom steadily implemented reform programs. In recent years, BoCom focused on three key reformation including organizing personnel, the “New 531” project and the risk credit management. The positive effect of reforms, stimulation of transformation forces and the enhancement of core development indicator are anticipated. In 2022, BoCom was honored “Top 500 Global Companies” for the 14th consecutive years and was ranked No. 137 in terms of revenue by FORTUNE. It was ranked No. 10 among the global top 1,000 banks in terms of Tier-1 Capital rated by The Banker for the sixth consecutive years.