Bank of China Ranks 309th in Global Fortune 500, Slips 17 Places After Leadership Change

China Economic Network Beijing August 15 Report. Investment Daily published an article on August 9, titled "Fortune 500 Rankings Revealed, Minsheng Bank and Bank of China Slip 36th and 17th Places, Respectively." In the 2025 Fortune Global 500 ranking list, banking institutions have seen a drop in rankings compared to last year. Among them, Bank of China ranks 309th, down 17 places from last year.

Bank of China's operating income has been declining for four consecutive years. From 2020 to 2024, Bank of China's operating income was RMB 1963.84 billion, RMB 1909.82 billion, RMB 1886.22 billion, RMB 1734.34 billion, and RMB 1707.48 billion, with a year-on-year change of -2.99%, -2.75%, -1.24%, -8.05%, and -1.55%, respectively.

The performance reports of the 12 nationwide commercial banks in China for 2024 show that Bank of China's operating income has dropped out of the top tier. In 2024, Bank of China achieved an operating income ranking fourth among shareholding commercial banks. However, the difference between Bank of China and the third-ranked Industrial Bank has widened to RMB 414.78 billion.

This year, Bank of China has turned around its operating income decline trend. The half-year performance report announcement shows that Bank of China achieved an operating income of RMB 905.59 billion, up 2.62% year-on-year.

In 2024, the chairman and CEO of Bank of China was approved by the supervisory department. In February 2024, the company received a reply from the People's Bank of China approving Zhang Weizhong's chairmanship and directorship qualifications, and he officially took up his duties. In September 2024, the company received a reply from the People's Bank of China approving Xie Weiping's CEO qualifications, and he officially took up his duties.