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A group toasts Bank of China's 100th anniversary at a celebration Tuesday evening in New York’s Lincoln Center. Guests at the event included Zhang Yesui, China's ambassador to the US (third from right); Alan MacDonald, chief client officer of Citigroup Inc. and a Citibank vice chairman (second from left); He Sujuan, chief of petrochemical producer Sinopec’s US representative office (third from left); and Reynold Levy, president of Lincoln Center for the Performing Arts (second from right).[Photo/Zhang Yuwei] |
Bank of China was established in February 1912 and functioned as the nation’s central bank until 1949 when the People’s Republic of China was founded. It then became a specialized foreign-exchange and international trade bank before being transformed into a wholly state-owned commercial bank in 1994. BoC provides a full range of financial services, including renminbi cross-border settlement, on the Chinese mainland, Hong Kong, Macau and 31 other countries. The bank has had a presence in New York since 1981.
Relief reaches isolated village
