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The Bank of China is one of Hong Kong's biggest banks. It is also one of China's four state-owned commercial banks; the other three are the Industrial and Commercial Bank of China, China Construction Bank, and the Agricultural Bank of China. The Bank of China was founded in 1912 to replace the Government Bank of Imperial China, and is the oldest bank in the country. Its headquarters are located in Hong Kong.
- About half of new loans issued by China’s big six banks last year went to individual property buyers, despite Beijing’s orders to lend to private companies
- Total business loans fell by half in 2018, while individual housing loans only slowed by 6.3 per cent