Bank of Communications is 1 of China's 5 largest com. banks, (stellarprojectsrussia.com) Issuser Address: GC4E7QQP352B6QU2KAUUYDW6DS2IWRV3ZJZXBNJJANHZ6ZDBFBXGB7HU ICO On 30/06/2023 CB:3,000%
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Bank of Communications is 1 of China's 5 largest commercial banks and has an extensive network of over 2,800 branches covering over 80 major cities
2015: sold US$2.45 billion of Basel III compliant bonds (convertible to preferred stock) and used it "to replenish the bank’s additional Tier 1 Capital
2018: issued $1.3B Residential Mortgage-Backed Securities Via Blockchain (https://www.chinamoneynetwork.com/2018/09/28/chinas-bank-of-communications-issues-1-3b-securities-via-blockchain)
2021: officially signed a contract with 4Paradigm (https://markets.businessinsider.com/news/stocks/china-bank-of-communications-signed-4paradigm-to-build-a-bank-level-unified-ai-capability-platform-1030534559) to build a bank-level end-to-end AI platform for the Bank of Communications based on the data, modeling, and launch of 4Paradigm "Prophet Sage" platform. As a pioneer in China's financial reform, Bank of Communications has insisted on building digital banks to accelerate the "smart bank" and "extreme effect of core business and rapid implementation of large-scale scenarios" transformation
Through generative ML, Bank of Communications has significantly increased their efficacy in anti-fraud, precision marketing, personalized recommendation, and compliance and internal control
Consequently, the bank was designated as a domestic systemically important bank (https://www.fitchratings.com/research/banks/fitch-affirms-china-bank-of-communications-branches-at-a-outlook-stable-22-11-2022) in October 2021 and is generally considered a global systemically important bank due to its size
March 2023: One month after the Hong Kong government proposed rules allowing retail investors to trade cryptocurrencies on licensed exchanges, the HK (https://coincu.com/176588-hong-kong-crypto-firms-support-chinese-bank/) arms of the Bank of Communications, Bank of China, and Shanghai Pudong Development Bank have either started offering banking services to local crypto firms or have made inquiries (https://coincu.com/176588-hong-kong-crypto-firms-support-chinese-bank/)
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