It is not to
be mistaken as China's central bank, People's Bank of China. BOC operates in the Asia Pacific region, as well as
Europe and North America. Bank of China (Canada) offers a variety of
personal savings, cheque and term deposit accounts and you may go to
different headings to find out which account will suit your needs better. BOC in Canada offers RMB deposit, remittance, foreign exchange as well as
RMB banknotes services. For business banking, BOC offers trade finance
specialists together with its extensive branch network worldwide can help to
expand your business globally.
BOC does not
have a head office in Canada, but is part of the American operations (BOC
USA) out of New York. BOC operates 4 branches in Canada, Toronto Downtown,
Toronto Scarborough, Toronto Markham and Vancouver.
In Canada, the Office of the Superintendent of
Financial Institutions (OSFI) is responsible for administering a number of
federal statutes, including the Bank Act and the Trust and Loan Companies
Act, the statutes applicable to the regulation of banks and federal trust
and loan companies.