Bank of China
Coverage of Bank of China in the Nexus archive.
- China now has 7 of world’s 10 biggest banks as Beijing’s financial ambitions grow
China's four major state-run banks are the largest globally in asset scale, according to a report by The Banker magazine. The report highlights that Chinese banks occupy seven of the world’s top 10 positions, reflecting Beijing’s efforts to strengthen its global financial influence.
- Bank of China used disguised mutual funds to avoid paying US$348m in taxes, audit finds
Bank of China evaded 2.37 billion yuan (US$348 million) in taxes by misusing preferential treatment for publicly offered mutual funds between April 2023 and August 2025, according to a National Audit Office report. The audit found the bank used disguised mutual fund structures to avoid paying taxes, as Beijing intensifies financial compliance efforts.
- 95% of overseas firms expect to sustain or boost use of the yuan: Bank of China poll
Over 95% of overseas companies plan to maintain or increase cross-border yuan settlements in the coming year, according to a Bank of China poll. The report highlights growing global business interest in the yuan as part of Beijing's efforts to internationalize the currency.