Is the Bank of Communications a Bank?
The Bank of Communications Co., Ltd. functions as a major, fully operational commercial financial institution and one of the largest state-backed banking enterprises in China. Providing comprehensive corporate banking, retail financial services, wealth management, and international trade finance globally, it operates under stringent central banking regulations and holds a prominent position within international financial markets and banking indices.
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Bank of Communications was founded in 1908 during the late Qing dynasty in China, originally established with official sanction to manage national railway, postal, telegraph, and tax administration finances.
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The primary head office SWIFT/BIC code for the Bank of Communications in China is COMMCNSHXXX (frequently noted in alternative structural formats like COMMCN3XXXX).
Yes, the Bank of Communications Co., Ltd. is prominently recognized as a major state-owned public sector commercial bank in China.