Founded in 1912 straight after the 1911 Revolution, Bank of China is the second largest bank in China. It now has its global presence through its network of over 560 overseas offices in 25 countries and regions. In Hong Kong and Macao, Bank of China is one of the local note issuing banks. Commercial banking includes corporate banking, retail banking and banking with financial institutions composes the major business areas. In 2005, the annual interest income increased 30 percent to 167.35 billion yuan. Net interest income after LLP increased 46 percent to 89.42 billion yuan. Net earnings increased 31% to 27.49 billion yuan. In 2006, Bank of China has listed in both Hong Kong and Shanghai, which becomes the largest domestic IPO in China.

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