Bank of China does not have physical gold bars.

Relevant regulations of Bank of China:

1. Authenticate both parties to the transaction and prevent payment fraud. Ability to use digital signatures and digital certificates to authenticate online business parties to prevent payment fraud, certify the validity of the identities of parties participating in online trade, and issue digital certificates to participating parties through certification agencies or registration agencies. to confirm the legitimacy of their identity.

2. Encrypt information flow. A single key system or a dual key system can be used to encrypt and decrypt information. Technologies such as digital envelopes and digital signatures can be used to enhance the confidentiality and integrity of data transmission and prevent unauthorized third parties from obtaining the true meaning of the information. .

3. Digital digest algorithm confirms the authenticity of payment electronic information. In order to protect the data from being created, embedded, deleted, tampered with, replayed, etc. by unauthorized persons and reach the recipient intact, data hashing technology can be used.

4. Ensure the non-repudiation of transaction behavior and business. When disputes arise between two parties in an online transaction, especially disputes related to payment and settlement, the system can ensure non-repudiation of the relevant behavior or business. The online payment system must generate or provide sufficient evidence during the transaction process to quickly identify the right and wrong in the dispute, which can be achieved by using technologies such as digital signatures.

5. Handle multilateral payment issues in online trade business. Payment settlement involves multiple parties such as customers, merchants, and banks. The purchased purchase information and payment instruction information must be connected together, because merchants will only continue transactions after confirming certain payment information, and banks will only provide payment after confirming payment. .

In order to ensure security, merchants cannot read customers' payment instructions, and banks cannot read merchants' purchase information. This multilateral payment relationship can be realized by using technologies such as double digital signatures provided by the system.

6. Improve payment efficiency. The procedures and processes of online payment are not complicated and the payment efficiency is very high.

Therefore, Bank of China does not have physical gold bars.

Extended information:

The role of Bank of China:

1. Determine sales targets and budgets according to the company's strategic plan

2 .Develop sales plans and corresponding sales strategies based on sales goals and budgets

3. Allocate relevant resources according to sales plans and strategies (including: establishing a sales organization and training sales personnel), etc.

4. Decompose the company's overall sales goals and budgets and formulate sales staff's personal sales targets

5. Sales staff develop their own sales targets based on their own goals, budgets and the company's sales strategy Plan

6. Evaluate the effectiveness of the sales plan and the performance of the sales staff.

7. The exchange function is the activity of realizing commodity exchange using the market as a place and intermediary. Under the conditions of commodity economy, the activities of commodity producers selling commodities, consumers purchasing commodities, and operators buying and selling commodities are all carried out through the market.

Bank of China official website-Credit Card Terms

Baidu Encyclopedia-Bank of China