CURRENT AFFAIRS

Detailed explanation-1: -BOC’s service coverage Bank of China is offering personal financial services in the Chinese mainland, Macau S.A.R., Japan, Korea, Singapore, Australia, New Zealand, United States, Germany, United Kingdom, Canada, France, etc.

Detailed explanation-2: -Detailed Solution. The SBI’s Shanghai branch is now connected to China’s National Advance Payment System (CNAPS), becoming the first Indian Bank to operationalise it.

Detailed explanation-3: -In 1905, China’s first central bank was established as the Bank of the Board of Revenue (). Three years later, its name was changed to the Great Qing Government Bank ().

Detailed explanation-4: -Bank of China is the Bank with the longest continuous operation among Chinese banks. The Bank was formally established in February 1912 following the approval of Dr. Sun Yat-sen.