Bank of China Investment Management Co., Ltd. (BOCIM) is a joint-venture fund management company between two world-known brands: Bank of China Co., Ltd. (Bank of China) and BlackRock, Inc. (BlackRock). The combined branding strength of Bank of China and BlackRock will aid BOCIM in its long-term ambition to participate in the development of China's fund management industry, and allow it to build a top tier fund management company.
Bank of China Investment Management Co., Ltd., previously called BOC International Investment Managers, officially opened on July 29th, 2004 as a result of the partnership of BOC International and Merrill Lynch Investment Managers (MLIM). (BlackRock, Inc. has completed its merger with Merrill Lynch Investment Managers on September 29, 2006. The new company is operating under the BlackRock name.) After three years’ development, BOC International Investment Managers stood out in the industry with its excellent performance in fund management, and won the prize of “China Best Risk Management Fund Company” and “China Investor Education Merit Award”. Having been approved by China Securities Regulatory Commission and Ministry of Commerce of the People’s Republic of China, and completed the registration procedure with State Administration for Industry and Commerce, BOC International Investment Managers changes its name to Bank of China Investment Management Co., Ltd.
BOCIM's team of experienced investment professionals come from China and abroad and embody the ethics, innovation and team spirit on which the company was founded. Drawing upon our employees' diverse cultural backgrounds and by leveraging two of the most recognizable brands in the financial industry, BOCIM will be able to make the most effective use of the resources, technology and networks that are currently available. This approach from both a local and international perspective will help BOCIM realize its ambition to provide its investors with a broad spectrum of first rate financial products and services.
Bank of China is one of China's four state-owned commercial banks. Its businesses cover commercial banking, investment banking and insurance. Members of the group include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions. Bank of China provides a comprehensive range of high-quality financial services to individual and corporate customers as well as financial institutions worldwide. In terms of tier one capital, it ranked 18th among the world's top 1,000 banks by The Banker magazine in 2005.
Bank of China is mainly engaged in commercial banking, including corporate and retail banking, treasury business and financial institutions banking. As a Chinese financial institution with a history of almost a hundred years, Bank of China is well known for its continuous business innovations, introducing many brand new products and services in the domestic banking industry, while paying regard to the need for prudence in its operations. It is widely recognized and commended by its peers and customers in international settlement, foreign exchange, trade finance, etc.
On July 14, 2004, Bank of China became the sole banking partner of Beijing 2008 Olympic Games. Bank of China will offer efficient and quality financial services to domestic and foreign customers. It will promote the Olympic spirits and contribute to the success of this magnificent sports event, thereby improving its corporate image and its value to the community.
Bank of China has received wide recognition from its peers, customers and authoritative media for the credit and performance it achieved in past years. It has been awarded "Best Bank in China" and "Best Domestic Bank in China" by Euromoney for eight times; it has been included in the Fortune Global 500 for 16 consecutive years; in addition, it was awarded "Best Domestic Bank in China" by The Asset, awarded "Best Trade Finance Bank in China" and "Best Foreign Exchange Bank in China" by Global Finance, and awarded "the Top 10 Product Service Enterprises in China" by Far Eastern Economic Review; since BOC Hong Kong was restructured and listed in the Hong Kong stock market, it has been the winner of many significant awards, including "Best IPO Investor Relation Award" issued by the Investor Relations Magazine and " Best Transactions" and "Best Privatization Award" issued by Asian Finance.
BlackRock is one of the world's leading providers of investment, advisory, and risk management solutions.
BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares ETFs.
The foundation of BlackRock's business is our belief that our clients' needs are of paramount importance. Our commitment to investment excellence is anchored in a shared culture that always places a client's interests first, from individual investors to the world's largest institutions. We act always as a fiduciary for our clients, never trading as a principal on our own behalf.
BlackRock's investment approach is based on our conviction that we can combine our market insights, our global reach and scale, our proprietary technology, our culture of information sharing and our unwavering focus on risk management into an ability to deliver performance in all market environments. BlackRock is committed to providing a broad set of investment solutions for our clients, striving to achieve the best balance between risk and opportunity.
BlackRock is a truly global firm that combines the benefits of worldwide reach with local service and relationships. We manage assets for clients in North and South America, Europe, Asia, Australia, the Middle East and Africa. The firm employs more than 9,300 talented professionals and maintains offices in 26 countries around the world. Our client base includes corporate, public, union and industry pension plans; governments; insurance companies; third-party mutual funds; endowments; foundations; charities; corporations; official institutions; sovereign wealth funds; banks; financial professionals; and individuals worldwide.
As of December 31, 2013, BlackRock's assets under management total US$4.32 trillion across equity, fixed income, cash management, alternative investment, real estate and advisory strategies. Through BlackRock Solutions — the natural evolution of our long-standing investment in developing sophisticated and highly integrated systems — we offer risk management, strategic advisory and enterprise investment system services to a broad base of clients with portfolios totaling approximately US$10 trillion.
Our firm's ownership structure is designed to maintain the independence we believe is necessary to retain our commitments to client focus and investment excellence. BlackRock, Inc. (NYSE: BLK) has no single majority stockholder and has a majority of independent directors. The PNC Financial Services Group, Inc. and Barclays PLC own economic interests in BlackRock approximating 21.7% and 19.7%, respectively, with the remainder owned by institutional and individual investors, as well as BlackRock employees.