Introduction of Bank of China

Bank of China (Hong Kong) Limited Jakarta Branch (formerly Bank of China Limited Jakarta Branch) (hereinafter referred to as “BOCHK Jakarta” or “the Bank”) is a BOCHK branch that operated commercially since 1938.

However, on its business journey, the Bank effectively stopped its operations in 1964. Thirty-nine years later, precisely in 2003, the Bank resumed the operation through the Decree of Governor of Bank Indonesia No. 5/1/KEP.GBI/2003 dated January 13, 2003.

After resuming its operation in Jakarta, there was a change in name from the Bank of China Jakarta Branch to the Bank of China Limited Jakarta Branch which received approval from Bank Indonesia through the Decree of Governor of Bank Indonesia No. 6/77/KEP.GBI/2004 dated October 14, 2004.

The Bank expanded its business by opening its first sub-branch office in Surabaya pursuant to the letter of Bank Indonesia No. 10/86/DPIP/Prz dated January 24, 2008 and was officially inaugurated on February 6, 2008. One year later, the Bank opened its second sub-branch office in Mangga Dua pursuant to the letter of Bank Indonesia No. 11/253/DPIP/Prz dated May 7, 2009 and was officially inaugurated on May 28, 2009.

In 2010, the Bank opened its third sub-branch office in The East pursuant to the letter of Bank Indonesia No. 12/58/DPIP/Prz dated January 29, 2010 and was officially inaugurated on February 2, 2010.

In the same year, the Bank once again opened its fourth and fifth sub-branch offices in CBD Pluit and Kelapa Gading pursuant to the letter of Bank Indonesia No. 12/254/DPIP/Prz dated April 20, 2010 and both were officially inaugurated on April 22, 2010.

The Bank opened the sixth sub-branch office in Melawai pursuant to the letter of Bank Indonesia No. 13/513/DPIP/Prz dated August 15, 2011 and was officially inaugurated on September 14, 2011. Subsequently, the Bank opened its seventh sub-branch office in Medan pursuant to the letter of Bank Indonesia No. 15/51/DPIP dated June 25, 2013 and was officially inaugurated on July 18, 2013.

The Bank opened the eighth sub-branch office in Pantai Indah Kapuk pursuant to the letter of the OJK No. S-436/PB.12/2016 dated December 23, 2016 and was officially inaugurated on January 18, 2017.

In 2017, the Bank’s head office moved from the former Bank of China Limited to Bank of China (Hong Kong) Limited. Upon the transfer of the head office, the name of the Bank of China Limited Jakarta Branch changed to Bank of China (Hong Kong) Limited Jakarta Branch that was approved by the OJK through Decree of the Deputy Commissioner for Banking Supervision I of OJK No. Kep-5/PB.1/2017 dated July 27, 2017.