Shanghai - Delayed Quote CNY

Bank of Communications Co., Ltd. (601328.SS)

6.94

+0.03

(+0.43%)

At close: 3:00 PM GMT+8

China Property Crisis Is Rippling Through Its Biggest Banks

(Bloomberg) -- China’s protracted property downturn is eroding the balance sheets of the nation’s largest state banks as their bad loans creep up.Most Read from BloombergLondon Insurers Face Baltimore Bridge Payouts Worth BillionsDubai Is Losing Its Allure for Wealthy RussiansUBS Banker’s Frustration Exposes Cracks in World of Climate FinanceTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineBiden Gains Ground Against Trump in Six Key States, Poll ShowsBank of Communications Co.

Bloomberg 28 days ago

BCMXY
China's Big Five lenders post shrinking margins, warn of property risks

Five of China's largest lenders have posted shrinking net interest margins (NIM), while warning of ongoing property sector risks. Amid a slowing economy, China's lenders are under pressure to reduce interest rates on the loans they make to bolster flagging sectors as demand for lending falls. On Thursday, China Construction Bank Corp (CCB), Bank of China (BoC) and Agricultural Bank of China (AgBank) all reported sliding margins - a key gauge of profitability - in their annual results.

Reuters 28 days ago

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HSBC shares plunge after China crisis sparks ‘messy’ quarter

HSBC was stung by China’s economic slowdown after a “messy” quarter including a $3bn (£2.4bn) writedown sent its share price tumbling by 8pc in one of the worst falls in the bank’s history.

The Telegraph 2 months ago

HSBC

BCMXY
Aldi plans to create 5,500 jobs as shoppers switch to discounters

Aldi is to create 5,500 new jobs this year as the supermarket chain continues its expansion across the UK as shoppers switch to cheaper retailers.

The Telegraph 2 months ago

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China’s economic troubles are hurting global banks

HSBC posted a big drop in quarterly profit Wednesday after taking a $3 billion hit on its stake in China’s Bank of Communications (BoCom) and another charge related to exposure to the country’s troubled real estate industry.

CNN Business 2 months ago

HSBC

BCMXY
Chinese banks lean towards mortgage rate cuts, heeding Beijing's call to make homes more affordable and arrest housing slump

Several Chinese banks have made pledges to cut mortgage rates, answering Beijing's call to make homes more affordable and help arrest a multi-month slump in the nation's housing market, according to various reports, a move which analysts said will have a big impact on lenders' net interest margins. The pledges follow the central bank's indication it would guide commercial banks to adjust existing mortgage rates in its quarterly monetary policy report, which analysts interpreted as a sign that re

South China Morning Post 7 months ago

BCMXY
Bank of Communications, China Merchants Bank report increasing bad loans amid property crisis

Two major Chinese banks reported a growing number of non-performing loans (NPLs) on their books in the first half of the year as China's worsening property-market crisis puts increasing strain on lenders. Both Bank of Communications, China's sixth-largest commercial bank in terms of assets, and China Merchants Bank reported rising NPLs, joining China Construction Bank (CCB) and Bank of East Asia, which issued similar reports on Thursday. Bank of Communications on Friday evening reported its NPLs

South China Morning Post 7 months ago

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Performance Overview

Return	601328.SS	SSE Composite Index
YTD	+20.91%	+2.62%
1-Year	+34.61%	-6.79%
3-Year	+73.37%	-12.13%

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Bank of Communications Co., Ltd. (601328.SS)

China Property Crisis Is Rippling Through Its Biggest Banks

China's Big Five lenders post shrinking margins, warn of property risks

HSBC shares plunge after China crisis sparks ‘messy’ quarter

Aldi plans to create 5,500 jobs as shoppers switch to discounters

China’s economic troubles are hurting global banks

Chinese banks lean towards mortgage rate cuts, heeding Beijing's call to make homes more affordable and arrest housing slump

Bank of Communications, China Merchants Bank report increasing bad loans amid property crisis

Performance Overview