Bank of China is the bank that has the longest continuous process between Chinese banks. The Bank was officially established in February 1912 with the approval of Dr. Sun Yat-sen. From 1912 to 1949, the Bank served respectively as the country's central bank, an international exchange bank and a specialized international commercial bank. In fulfilling its commitment to serving the public sector and developing China's financial services sector, the Bank has risen to a leading position in the Chinese financial industry and has developed a good position in the international financial community, despite many difficulties and setbacks. After 1949, the Bank, based on its long history as a foreign exchange and trade bank, became responsible for managing China's foreign exchange operations and provided vital support for the development of the country's foreign trade and economic infrastructure through its offer of international trade settlement, overseas money transfer, and other non-commercial foreign exchange services. During China's period of reform and opening-up, the Bank took advantage of the historic opportunity offered by the government's strategy to tap foreign funds and advanced technologies to promote economic development and become the country's main foreign finance channel by building its competitive advantages in foreign exchange. In 1994, the Bank became a state-owned commercial bank. In August 2004, the Bank of China Limited was merged. The bank was listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange in June and July 2006, respectively, to become the first Chinese commercial bank to launch its first IPO of Shares and H-Share and achieve double listing in both markets. And after the bank served at the Games The 2008 Beijing Olympics became the official banking partner of the 2022 Beijing Olympics and Paralympic Games in 2017, making it the only bank in China to serve two Olympic games. In 2018, the Bank of China was once again designated as a systemically important global bank, thus becoming the only financial institution from an emerging economy to be designated as a systemically important global bank for eight consecutive years.