Bank of China

Bank of China is one of the big four state-owned commercial banks of the People's Republic of China – the other three are Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China. Bank of China was founded in 1912 to replace the Government Bank of Imperial China, and is the oldest bank in China. From its establishment until 1942, it issued banknotes on behalf of the Government of the Republic of China along with the "Big Four" banks of the period: the Central Bank of China, Farmers Bank of China and Bank of Communications. Although it initially functioned as the Chinese central bank, in 1928 the Central Bank of China replaced it in that role. Subsequently, BOC became a purely commercial bank.

Fukien celebrate double triumph

PUBLISHED : Wednesday, 04 April, 2007, 12:00am
UPDATED : Wednesday, 04 April, 2007, 12:00am

Fukien dominated the Senior Shield finals with both their men and women's teams being crowned knockout champions at MacPherson Stadium last night.

The Fukien men successfully defended their title by trouncing arch-rivals Winling 64-43, while the women were taken all the way by Bank of China before prevailing 57-55 in a thrilling encounter.

Fukien lost the A1 Division League title to Winling last season 3-2 in a five-game series.

'We had a slow start, but once we had controlled the pace midway into the game, we were able to dominate,' said Fukien marksman Yung Kam-wah, who managed only one three-pointer.

'The third quarter was crucial as we came back from behind to take the lead and we demolished them with a number of three-pointers in the early stages of the final quarter.'

Winling, who reached the final from the losers' pool, needed to score two straight wins over their opponents to claim the title. They led 15-8 after the first quarter. However, too many of their key players like point guard Poon Chi-ho and forward Fong Shing-yee failed to impress. Only expatriate Matthew Jung was able to maintain a high standard.

Fukien gradually fought their way back with solid defence and tied the scores at 22 before half-time.

After the third quarter, Fukien had carved out a 37-33 lead and, with Chung Ming-tat and Leung Kwok-shing, in tremendous form in the opening stages of the final quarter, picked up an additional 14 points, including four three-pointers as the challenge of their rivals wilted.



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