Bank of Beijing
A Beijing-headquartered Chinese urban commercial bank serving corporate, retail, small-business and financial-market customers.
Last updated October 9, 2026
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Overview
Bank of Beijing Co., Ltd. is a Chinese urban commercial bank headquartered in Beijing. It was established in January 1996 as Beijing Urban Cooperative Bank, a holding structure created to consolidate urban credit cooperatives operating in the capital. The institution became Beijing City Commercial Bank in 1998 and adopted the English and Chinese name Bank of Beijing after regulatory approval in 2004, with the new name taking effect on 1 January 2005. The bank's business covers corporate banking, retail banking, small and micro-enterprise finance, wealth-related services, credit cards and financial-market operations. Its original franchise was centered on Beijing, but the bank subsequently developed a broader mainland Chinese branch network. The reference material records that, at 31 December 2017, it had 559 branches, including 302 outside Beijing. Even with that geographic expansion, Beijing remained its principal source of revenue according to the bank's own description. Bank of Beijing became a Sino-foreign joint venture in 2005 when ING acquired a 19.9% interest. ING remained an important shareholder after later capital changes, although its ordinary-shareholding percentage was diluted to approximately 13% by the end of 2017. Beijing municipal interests also remained significant through entities including Beijing State-owned Assets Management and Beijing Energy Investment Holdings. The resulting ownership model combined municipal-government influence, domestic private investment and foreign strategic participation. The bank listed its shares on the Shanghai Stock Exchange on 19 September 2007 under ticker 601169. By 2018 it was included in the SSE 180 and SSE 50 blue-chip index families, as well as the FTSE China A50 and CSI 100 indexes. The Banker ranked it among the world's largest banks by equity in its Top 1000 World Banks listings, placing it 73rd globally and 15th among mainland Chinese banks in 2017. Beyond banking, Bank of Beijing has held strategic and minority investments in related financial institutions. These included a 50% interest in BOB-Cardif Life, formerly associated with ING Capital Life Insurance, as well as stakes in UnionPay, Bank of Langfang and rural banking institutions. These investments extended the brand's financial-services footprint while retaining banking as its core activity. The institution's history also includes governance and control controversies. A former Zhongguancun credit-union unit was found in the late 1990s to have a major accounting deficit, reflecting weaknesses inherited from the credit-union system that preceded the bank. In later years, questions were raised about municipal influence over supervisory-board appointments, and a director connected with a major shareholder was investigated and later convicted for corruption. These episodes form part of the bank's documented institutional history, but the available reference material does not establish that they changed the bank's current operating status. The supplied sources provide no reliable current executive roster, current shareholder breakdown or current financial figures, so those fields are left unreported.
History
Bank of Beijing traces its institutional origins to the urban credit cooperatives of Beijing. It was incorporated on 29 January 1996 as Beijing Urban Cooperative Bank, although some accounts identify 8 January as the founding date. The organization was created as a holding company for the city's urban credit cooperatives, reflecting the restructuring of local financial institutions during the development of China's urban commercial-bank system. The inherited credit-union network also exposed the new institution to governance and accounting risks. In 1997, a former Zhongguancun credit-union unit was found to have a substantial accounting deficit. The case became one of the most serious early controversies associated with the banking group. The unit's governor was arrested in 1998 and later received a capital sentence in 2003. The branch manager was arrested in 2011 and sentenced to 14 years in prison in 2012. These events predated the bank's later national expansion but remain relevant to its early institutional history. In 1998, the organization was renamed Beijing City Commercial Bank, aligning it with the urban commercial-bank licensing structure. China Banking Regulatory Commission approval for another name change was obtained in 2004, and Bank of Beijing became the effective name from 1 January 2005. The new identity marked a shift from a specifically municipal commercial-bank label toward a broader banking brand while preserving its Beijing base. A major ownership transition occurred in 2005, when ING Group purchased 19.9% of the bank. The transaction made Bank of Beijing a Sino-foreign joint venture and brought an international banking group into its shareholder structure. The partnership continued after the bank's public listing. On 19 September 2007, Bank of Beijing listed on the Shanghai Stock Exchange, giving it access to public equity markets under ticker 601169. The bank expanded beyond the Beijing municipality through branches and investments. At 31 December 2017, the supplied reference records 559 branches, 302 of them outside Beijing. Nevertheless, the bank stated that most revenue came from Beijing. This pattern reflects a regional-bank model in which the home market remains economically dominant even as the institution develops a wider mainland network. Its financial-services scope also broadened through affiliated and minority-owned institutions. In 2010, the bank acquired a stake in an insurance joint venture formerly known as ING Capital Life Insurance from Beijing Capital Group. By the end of 2017, the bank held 50% of the insurer, then known as BOB-Cardif Life in English and 中荷人寿 in Chinese. Other reported investments included UnionPay, Bank of Langfang and several rural banking institutions. Ownership and governance remained connected to Beijing's municipal state-owned sector. At the end of 2017, ING held approximately 13.03% of the shares. Beijing municipal interests held stakes through Beijing State-owned Assets Management and Beijing Energy Investment Holdings, while Macro-Link Holding was identified as a major private shareholder. In 2013, independent director Ren Zhiqiang alleged that Beijing's State-owned Assets Supervision and Administration Commission had influenced the election of the supervisory board. Qiang Xin, a Beijing SASAC deputy, became supervisory-board chairwoman, replacing Shi Yuan; Qiang was later succeeded by Zeng Ying in 2016. A separate governance controversy emerged in 2015 when director Lu Haijun was investigated for corruption. Shareholders dismissed him during that year, and he was sentenced to 11 years in prison in 2016 in relation to his role at Beijing Energy Investment Holdings. The supplied references do not provide a current executive roster or enough current corporate information to describe the bank's present management in detail. They do, however, establish Bank of Beijing as an active, listed urban commercial bank whose modern development combines municipal roots, foreign strategic investment, public-market access and expansion across mainland China.
- 2017
ING participates in capital increase
[1]ING subscribed to a capital increase, while its percentage of ordinary shares was diluted to approximately 13%.
- 2010
Expansion into life insurance
[1]The bank acquired a stake in the insurance joint venture formerly known as ING Capital Life Insurance.
- 2007
Shanghai Stock Exchange listing
[1]Bank of Beijing became publicly traded on the Shanghai Stock Exchange under ticker 601169.
- 2005
Bank of Beijing name takes effect
[1]The current name became effective on 1 January following regulatory approval in 2004.
- 2005
ING becomes a strategic shareholder
[1]ING acquired a 19.9% stake, creating a Sino-foreign joint-venture ownership structure.
- 1998
Renamed Beijing City Commercial Bank
[1]The institution adopted the Beijing City Commercial Bank name as part of China's urban commercial-bank system.
- 1997
Accounting deficit discovered at a Zhongguancun predecessor unit
[1]A former credit-union unit in Zhongguancun was found to have a major accounting deficit, leading to criminal proceedings involving former managers.
- 1996
Incorporation as Beijing Urban Cooperative Bank
[1]The institution was incorporated to hold and coordinate Beijing's urban credit cooperatives.
Products and positioning
A Beijing-rooted urban commercial bank with nationwide mainland expansion, serving government-related, corporate, small-business and personal customers through a broad banking and financial-services platform.
Banking
Corporate banking
The bank's corporate-banking business serves companies and institutional customers through deposit-taking, credit, settlement and other business-finance services. The available reference identifies corporate banking as one of its principal operating segments, but does not provide a sufficiently detailed current product catalogue.
Banking
Retail banking
Retail banking covers services for individual customers, including personal deposits, lending and related financial services. The reference material identifies retail banking as a core business area without specifying individual current product names.
Banking
Small and micro-enterprise finance
Bank of Beijing's urban-commercial-bank model includes service to smaller businesses and local enterprises. The supplied material supports this customer focus, but does not document particular named loan products or launch dates.
Financial markets
Financial-market operations
Financial-market operations form another reported business area, covering the bank's participation in treasury, money-market, investment and liquidity-related activities. The reference does not provide a current breakdown of instruments or revenue.
Payments
Credit cards
Credit cards are included among the bank's typical products. No specific card brand, product family, launch year or current terms are established by the supplied sources.
Insurance joint venture
BOB-Cardif Life
BOB-Cardif Life is a life-insurance joint venture in which Bank of Beijing held a 50% stake at 31 December 2017. The insurer had previously been associated with ING Capital Life Insurance and was known in Chinese as 中荷人寿.
Controversies
2015
Director Lu Haijun corruption investigation
Director Lu Haijun was investigated and dismissed by shareholders. He was later sentenced to 11 years' imprisonment in connection with corruption related to his management of Beijing Energy Investment Holdings.
2013
Allegations concerning supervisory-board influence
Independent director Ren Zhiqiang alleged that Beijing SASAC had influenced the election of the bank's supervisory board. The reference describes the matter as a governance controversy rather than providing a judicial finding against the bank.
1997
Zhongguancun predecessor-unit accounting scandal
A former Zhongguancun credit-union unit was found to have a large accounting deficit. The governor was arrested in 1998 and later sentenced to death in 2003; the branch manager was arrested in 2011 and sentenced to 14 years in 2012.
Brand decisions
2010
Acquire an insurance-joint-venture interestM&ABackground
The bank sought to extend its financial-services presence beyond traditional commercial banking.
Action taken
It acquired a stake in the insurer formerly known as ING Capital Life Insurance from Beijing Capital Group.
Aftermath
The insurer was subsequently known as BOB-Cardif Life, in which the bank held 50% at the end of 2017.
2007
Pursue a public listingOtherBackground
The bank had developed beyond its original credit-cooperative origins and sought access to public capital markets.
Action taken
Bank of Beijing listed on the Shanghai Stock Exchange under ticker 601169.
Aftermath
The listed bank was later included in major mainland Chinese equity indexes.
2005
Bring in ING as a strategic shareholderStrategyBackground
The bank was seeking a broader ownership and strategic base while remaining rooted in Beijing's urban commercial-bank market.
Action taken
ING purchased a 19.9% stake, creating a Sino-foreign joint-venture structure.
Aftermath
ING remained a major shareholder and later participated in a capital increase.
1998
Adopt the Beijing City Commercial Bank identityStrategyBackground
The original institution had been formed from urban credit cooperatives and needed to operate within the emerging urban commercial-bank framework.
Action taken
The bank changed its name to Beijing City Commercial Bank.
Aftermath
The identity remained in use until the later transition to Bank of Beijing.
Recent events
Bank of Beijing publishes third-quarter 2026 results[3]
Bank of Beijing published its third-quarter 2026 results. For the first three quarters, it reported operating revenue of RMB 54.815 billion, up 6.26% year over year, and net profit attributable to shareholders of RMB 22.349 billion, up 6.10%.
- Unconfirmed
Bank of Beijing releases financial service schemes for technology companies and government investment funds[4]
Bank of Beijing released a comprehensive financial service plan for technology companies seeking to list, covering six stages from cultivation to listing, and a service plan for government investment funds.
- Unconfirmed
Bank of Beijing and MYbank sign a strategic cooperation agreement[5]
Bank of Beijing and MYbank signed a strategic cooperation agreement in Beijing. The agreement covers cooperation in areas including small-business credit, supply-chain finance, financing guarantees, investment banking, and rural finance.
WM Motor and Bank of Beijing form strategic partnership[6]
WM Motor and Bank of Beijing entered a strategic cooperation agreement to work together in automotive finance, share resources, and provide consumers with more comprehensive and convenient vehicle-purchase and automotive-finance services.
Beijing Bank Nanchang Branch launches Jinghuirong credit product[7]
Reported:
Beijing Bank's Nanchang Branch launched Jinghuirong, a dedicated credit product for private businesses. At the launch event, it extended 43 million yuan in credit to an initial 10 member businesses of chambers affiliated with the Jiangxi Federation of Industry and Commerce and disbursed 15 million yuan to three businesses.
Bank of Beijing launches Jingcai Wenyuan financial services plan[8]
Reported:
Bank of Beijing launched the Jingcai Wenyuan financial services plan, which includes the Wen Yuan loan product and other services for cultural-industry businesses and their owners.
Beijing Bank and Beijing Property Rights Exchange sign cooperation agreement[9]
Reported:
Beijing Bank and Beijing Property Rights Exchange signed a comprehensive strategic cooperation agreement covering areas including corporate investment and financing, mergers and acquisitions, debt-asset transactions, and non-performing asset disposal.
Beijing Bank signs risk-compensation cooperation agreement of intent[10]
Reported:
Beijing Bank signed an agreement of intent with the Beijing Municipal State-owned Cultural Assets Management Center to cooperate on the “Investment-Loan-Award” risk-compensation fund.
Bank of Beijing and ING agree to renew strategic partnership[11]
Reported:
Bank of Beijing and ING agreed to renew their strategic cooperation agreement. They planned to hold the signing ceremony later in the year after the pandemic eased and business activities largely returned to normal.
- Unconfirmed
Shounong Food Group buys shares in Bank of Beijing[12]
Reported:
Shounong Food Group recently bought 260 million A shares in Bank of Beijing, reaching a 1.23% stake and becoming one of its major shareholders.
Showing the 10 most recent.
Sources18 sources
- 1Bank of Beijing - Wikipediaen.wikipedia.org
- 2Bank of Beijing official websitebankofbeijing.com.cn
- 3北京银行发布2026年三季度业绩报告bank.cnfol.com
- 4北京银行发布科技企业上市及政府投资基金服务方案bank.jrj.com.cn
- 5北京银行与网商银行签署战略合作协议bank.jrj.com.cn
- 6威马汽车与北京银行达成战略合作finance.jrj.com.cn
- 7北京银行南昌分行推出“京会融”信贷产品finance.sina.com.cn
- 8北京银行推出“京彩文园”金融服务方案finance.sina.com.cn
- 9北京银行与北交所签署全面战略合作协议finance.sina.com.cn
- 10北京银行签署风险补偿金意向合作协议finance.sina.com.cn
- 11北京银行与ING同意续签战略合作协议finance.sina.com.cn
- 12首农食品集团买入北京银行股份finance.sina.com.cn
- 13首农食品集团入股北京银行bank.hexun.com
- 14首农食品集团受让北京银行股份sc.stock.cnfol.com
- 15北京银行申请对方正集团进行重整finance.sina.com.cn
- 16北京银行与中国科学院自动化研究所签署战略合作协议finance.jrj.com.cn
- 17北京银行与中泰证券股份有限公司签署全面战略合作协议f.sdnews.com.cn
- 18首农食品集团入股北京银行 持股占比1.23%finance.sina.com.cn
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