Bohai Bank is a commercial bank in Tianjin, China. The capital of the bank is 5 billion yuan (US$616.5 million). The bank was the brainchild of the Tianjin mayor (and previous Head of the Peoples Bank of China) Mr Dai Xiang Long who turned a national banking licence for Tianjin, that had been promised to the city in the mid-1990s, into reality and in the process kicking off an important upgrading of the Tianjin financial system. This was the 1st national banking licence to have been approved by the State Council since Minsheng Bank in 1995.