BOC Hong Kong (Holdings) Stock

BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services in Hong Kong. The company is a subsidiary of BOC Hong Kong (BVI) Limited.

The company has local branch network and service platforms in Hong Kong, including, automated banking centers, and e-channels of self-service machines, as well as Internet and mobile banking services. It offers a range of financial, investment and wealth management services to personal, corporate and institutional customers. The company’s branches and subsidiaries have been extended to Southeast Asian countries, such as Malaysia, Thailand, Indonesia, Cambodia, Brunei, Vietnam and the Philippines, with the provision of professional and financial services to local customers.

Segments

The company operates through Personal Banking, Corporate Banking, Treasury and Insurance segments.

Both Personal Banking and Corporate Banking provide banking services, including various deposit products, overdrafts, loans, credit cards, trade related products and other credit facilities, investment and insurance products, and foreign currency and derivative products. Personal Banking primarily serves retail customers and small enterprises, while Corporate Banking primarily deals with corporate customers.

Treasury segment manages the funding and liquidity, and the interest rate and foreign exchange positions of the company, in addition to proprietary trades.

The Insurance segment represents business primarily relating to life insurance products, including individual life insurance and group life insurance products.

History

BOC Hong Kong (Holdings) Limited was incorporated in 2001.