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BOC Hong Kong (Holdings) is the parent of Bank of China (Hong Kong), which has about 300 branches in Hong Kong as well as on mainland China. The bank serves local businesses and consumers, providing loans, deposit accounts, and other standard services, as well as securities brokerage, wealth management, and project financing and syndication. It also prints currency. In addition, Bank of China (Hong Kong) owns Nanyang Commercial Bank and some 70% of Chiyu Banking Corporation (both are also based in Hong Kong), as well as BOC Credit Card (International). Bank of China, which is controlled by the Chinese government, owns about two-thirds of BOC Hong Kong.

Bank of Communications (BoCom) is one of the largest commercial banks in China, based on total assets. The company offers services in corporate banking, personal banking, and treasury operations; offerings include personal savings accounts, personal loans, corporate loans, trade financing, wealth management, e-banking, and credit card services. BoCom has a network of some 2,700 branches in more than 80 major cities -- including overseas branches in New York, Tokyo, and Singapore, and representative offices in London and Frankfurt. The bank is also one of the oldest in China. HSBC Holdings holds close to a 20% interest in BoCom.
