Bank of China is a commercial banking institution based in Beijing, China which offers commercial banking, investment banking, insurance, asset management, aircraft leasing, and other financial services to its clients. The bank's commercial banking business includes corporate banking, personal banking, and financial market business banking. BOC conducts commercial banking business in Hong Kong through its subsidiary Bank of China. It conducts its investment banking business through Bank of China International, insurance business through Bank of China Group Insurance, engages in direct investment and investment management business through its wholly-owned subsidiary Bank of China Group Investment. Additionally, the bank conducts its aircraft leasing business through BOC Aviation. Bank of China was established in February 1912 and it is governed by the board of directors.