OREANDA-NEWS. December 25, 2012. The selection activity of “China Excellent Financial Banks 2011-2012” ended recently, during which Bank of China was awarded “Excellent Foreign Exchange Service Bank” by virtue of its outstanding professional qualities, rich product lines and favorable reputation in foreign exchange services.

BOC has began to engage in foreign exchange businesses since 1928, has been undertaking the administration of foreign exchange operation of China from 1949 to early 1979, and has been designated in 1979 by the State Council as the only specialized foreign exchange bank in China. During its long-term foreign exchange operation and administration, BOC has always been customizing foreign exchange assets hedge solutions for enterprises and designing product portfolio to satisfy the individual needs of customers. Furthermore, BOC has continuously enriched its foreign exchange financial services, improved service level, taken the lead to launch RMB options, designed “Qujianbao” and “Yuanwuyou” product portfolio in response to market demands, actively expanded overseas RMB business and emerging market currency business, and established a highly efficient and professional customer service team.

“China Excellent Financial Banks 2011-2012” is hosted by the Economic Observer for all financial institutions operating in China, with a view to selecting excellent enterprises in the corresponding industries and segmented business areas from such four dimensions as growth ratio, corporate governance ability, customer service ability and social responsibility.