Bank of China is the oldest bank in continuous operation in China. Officially established in February 1912, it successively functioned as the central bank, foreign exchange bank, and specialized international trade bank. After 1949, it served for a long period as the state’s specialized foreign exchange and foreign trade bank, centrally managing state foreign exchange and handling international trade settlements, overseas remittances and other non-trade foreign exchange businesses. In 1994, it was restructured into a wholly state-owned commercial bank, offering a full range of financial services and growing into a large-scale commercial bank operating both local and foreign currencies, with a full range of products and strong financial strength. In 2006, it took the lead in listing on both the Hong Kong Stock Exchange and the Shanghai Stock Exchange, becoming the first “A+H” listed bank in China. Bank of China was the sole official banking partner of the 2008 Beijing Summer Olympics and the 2022 Beijing Winter Olympics, making it the only “Dual Olympic Bank” in China. In 2011, Bank of China became the first global systemically important bank from an emerging economy, and has since been selected for 15 consecutive years, with its international standing, competitiveness and comprehensive strength ranking among the world’s leading large banks.