- 29 Nov 2007
- IOC News
Fourth Chinese brick in the donors’ wall
Another Chinese brick has joined the three others that had been added this year to the donors’ wall in the Olympic Museum. After Sinopec in January, Baosteel in June and Aigo last week, now the Bank of China is adding its name to the edifice.
A brick worth its weight in gold
The ceremony took place in the presence of IOC President Jacques Rogge, Bank of China Chairman Xiao Gang, IOC Member He Zhenliang, and Olympic Museum Director Francis Gabet, as well as a large Chinese delegation. Each brick represents the sum of one million dollars. The IOC President said: “Through this donation, the Bank of China understands and shares the Olympic values, supporting not only the Olympic Games, but also the Olympic Museum.”
One of China’s four major banks
The Bank of China is one of China’s four major commercial banks and the most internationalised one. It is the world’s eighth bank as regards stock market capital value, and it is China’s second biggest educational loans body, responding to the needs of social responsibility. Formerly owned in full by the central government, it was opened to the public via the issue of an IPO in 2006. This float today represents 26 per cent of shares.
Official partner of the Olympic Games in Beijing
On 14 July 2004, the Bank of China became the official banking partner of the Games of the XXIX Olympiad in Beijing, thus providing exclusive financial services to BOCOG, the Chinese NOC and the Chinese Olmypic delegations for the 2004, 2006 and 2008 Games.