Bank of China Limited established its Toronto Representative Office on September 8, 1992. Bank of China (Canada) (BOCC), a wholly owned subsidiary of Bank of China Limited, incorporated in Canada as a Schedule II Bank, officially started its operation on May 18, 1993. Currently, BOCC is a member of the Canadian Bankers Association, Canadian Payments Association, Canada Deposit Insurance Corporation ("CDIC"), Canada-China Business Association as well as a member of Canada China Business Council (CCBC). Since its inception, and with the aim of promoting China-Canada business and supporting the economic development in Canada, bridging the culture communication and folk exchange between the two countries, BOCC provides various kinds of qualify services to both local customers and Chinese invested enterprises in Canada. Its main services include: International Syndicated Loan, Commercial Mortgage, Trade Finance, Trade Settlement, foreign exchange, personal housing mortgage, personal deposit, remittance, currency exchange, credit card, online banking etc. Among all of these services, services denominated in Renminbi (RMB-Chinese currency) have become its featured business. BOCC is teamed with a group of dedicated and skillful staffs and is committed to providing various kinds of services to its clients through continuous optimizing of its service channels, along with its unique featured service and products which are based on the Bank of China group presence through its worldwide network and diversified banking service platforms such as commercial banking services, investment banking services, insurance business, leasing services and BOC funds operation etc.. All these have been formed into a Brilliant Brand Name of Bank of China image in Canada.