Shanghai - Delayed Quote CNY

Bank of China Limited (601988.SS)

4.6500

+0.0200

(+0.43%)

At close: 3:00 PM GMT+8

China’s Credit Yields Drop to Record Lows on Bond Bull Run

(Bloomberg) -- China’s local credit yields have fallen to the lowest level ever as investors load up on corporate bonds to boost returns in a financial system awash in liquidity. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Speeds Cheaper EV Plans, Calming Fears Over StrategyBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRay Dalio’s Famous Trade Is Sputtering, Investors Bailin

Bloomberg yesterday

3988.HK
China Construction Bank sees more policy support from Beijing, despite pressure on state-owned lenders to boost profit

China Construction Bank (CCB) expects Beijing to introduce more policy support to bolster the economy, even as the nation's major state-owned lenders continue to face pressure to boost profits amid the prospect of benchmark rates decreasing further. "China's economy is showing signs of recovery, but there is room for more policy support, and big banks need to continue to support the real economy," CCB chief financial officer Sheng Liurong said on Tuesday during the bank's latest financial result

South China Morning Post 23 days ago

BACHF

CICHF
CCB, BOC and China Everbright among Chinese lenders that have injected billions into 'whitelist' housing projects

Leading Chinese banks have injected billions of yuan into housing projects with the aim of financing the completion of pre-sold but yet-to-be-completed homes across the country, according to figures released by the lenders. The initiative, which falls under the so-called whitelist mechanism, is part of Beijing's efforts to revive a weakening property sector that accounts for a quarter of China's gross domestic product. China Construction Bank (CCB), one of the largest state-owned commercial bank

South China Morning Post 2 months ago

BACHF

CEBCF
Chinese yuan gives US dollar a run for its money as African trade embraces other currencies

When you land at the Kenneth Kaunda International Airport in Lusaka, one of the billboards welcoming you to the Zambian capital advertises the services of the Bank of China (BOC). There are not many countries in Africa where the Chinese government-owned financial institution offers fully fledged banking services in renminbi (RMB), the official Chinese currency. Apart from Zambia, BOC has a branch in Johannesburg, South Africa, and it also has a representative office in Kenya's capital, Nairobi.

South China Morning Post 3 months ago

USD=X

BACHF
China Records First Cross-Border Settlement for Precious Metals Using e-CNY CBDC

China recorded its first-ever cross-border settlement for precious metals using the digital yuan central bank digital currency (CBDC), also known as the e-CNY.

CoinMarketCap 4 months ago

BACHF
China digital currency: Beijing forum promotes SIM-based 'e-CNY hard wallet' as an alternative for mobile payments

Chinese mobile carriers China Telecom and China Unicom, and the Bank of China, are promoting a hardware version of the country's digital currency - a SIM-based e-CNY payment service - as an alternative to existing mobile payment apps. With China's central bank digital currency research arm struggling to persuade consumers to use the official e-CNY app or digital currency wallet embedded in mobile apps, the SIM card-based payment was promoted at a conference in Beijing on Thursday as a good alter

South China Morning Post 6 months ago

BACHF
Saudi central bank seeks regular dialogues, closer ties with monetary authorities of mainland China and Hong Kong to spur kingdom's transformation

Saudi Arabia's central bank is seeking stronger ties with the monetary authorities of mainland China and Hong Kong, as the kingdom prepares to transition from an oil-dependent economy to one focused more on infrastructure development and attracting foreign capital. The Saudi central bank is looking to strengthen its connections with the People's Bank of China (PBOC) via bilateral dialogues, collaborations in multilateral forums, as well as partnerships in international organizations, said Ayman

South China Morning Post 6 months ago

BACHF
Rate cuts: China's state banks face margin squeeze as they comply with the call to slash mortgages to aid an ailing property market

China's biggest state-owned banks, mired in bad property loans, now face further downward pressure on profit as they prepare to respond to Beijing's call to cut mortgage rates and revive the country's faltering property market. Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China (ABC) cut their deposit rates by between five and 25 basis points, according to their websites. China Construction Bank (CCB), the world's third-largest bank by assets, said on Thursday that it

South China Morning Post 7 months ago

BACHF

ACGBF
Bank of China, ICBC see profit growth drop sharply as slowing economy, property crisis take a toll

Two of China's biggest banks, Industrial and Commercial Bank of China (ICBC) and Bank of China (BOC), posted sharply lower profit growth in their interim financial results as they struggled with a slowing economy and persistent crises in the property sector. ICBC, the world's largest bank with total assets of 43.67 trillion yuan (US$5.99 trillion), reported a 1.2 per cent year-on-year gain in net profit to 173.74 billion yuan in the six months ending June 30. The lender missed expectations of a

South China Morning Post 7 months ago

BACHF

IDCBF
Bank of China starts nationwide move to reduce salary gap among employees, manager levels -sources

Bank of China Ltd, China's fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response to Beijing's "common prosperity" drive, three sources with knowledge of the matter said. President Xi Jinping launched the common prosperity drive in 2021 as an effort to reduce income inequality, which could threaten long-term economic growth and even the legitimacy of Communist Party rule. The move follows pay cuts being made at investment banks such as China International Capital Corp (CICC).

Reuters 8 months ago

BACHF
UPDATE 1-Zambia says Industrial & Commercial Bank of China, Bank of China debt 'treated as commercial'

Zambia's debts to the Industrial & Commercial Bank of China and Bank of China will be treated as commercial in debt talks, a senior finance ministry official said Thursday, after a deal was struck with bilateral creditors including China last week. Zambia, which has been in default for nearly three years, reached an agreement last week to restructure $6.3 billion of bilateral debts and its international bondholders expect to strike a restructuring deal in the coming weeks.

Reuters 9 months ago

BACHF

IDCBF
Hong Kong Put Pressure on 3 Major Banks to Take On Crypto Exchanges as Clients: Report

The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients.

CoinDesk 10 months ago

BACHF

COIN
Bank of China unit issues digital securities on Ethereum blockchain in Hong Kong amid city's virtual asset push

Bank of China, through its global investment arm, has become the first mainland financial institution to issue a tokenised security in Hong Kong amid the city's effort to become a virtual asset trading hub. Hong Kong-based Bank of China International Holdings (BOCI) has issued 200 million yuan (US$28 million) worth of fully digital structured notes in the form of tokens on the Ethereum blockchain, according to a statement on Monday from the investment bank UBS, which created the product and plac

South China Morning Post 10 months ago

BACHF

COIN
Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong

It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.

CoinDesk 10 months ago

BACHF

COIN
BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report

BNP Paribas' corporate clients will be able to connect to China's e-CNY through a connection to the Bank of China's system.

CoinDesk 11 months ago

BACHF

BNPQY

Performance Overview

Return	601988.SS	SSE Composite Index
YTD	+16.54%	+2.62%
1-Year	+36.38%	-6.79%
3-Year	+72.20%	-12.13%

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Bank of China Limited (601988.SS)

China’s Credit Yields Drop to Record Lows on Bond Bull Run

China Construction Bank sees more policy support from Beijing, despite pressure on state-owned lenders to boost profit

CCB, BOC and China Everbright among Chinese lenders that have injected billions into 'whitelist' housing projects

Chinese yuan gives US dollar a run for its money as African trade embraces other currencies

China Records First Cross-Border Settlement for Precious Metals Using e-CNY CBDC

China digital currency: Beijing forum promotes SIM-based 'e-CNY hard wallet' as an alternative for mobile payments

Saudi central bank seeks regular dialogues, closer ties with monetary authorities of mainland China and Hong Kong to spur kingdom's transformation

Rate cuts: China's state banks face margin squeeze as they comply with the call to slash mortgages to aid an ailing property market

Bank of China, ICBC see profit growth drop sharply as slowing economy, property crisis take a toll

Bank of China starts nationwide move to reduce salary gap among employees, manager levels -sources

UPDATE 1-Zambia says Industrial & Commercial Bank of China, Bank of China debt 'treated as commercial'

Hong Kong Put Pressure on 3 Major Banks to Take On Crypto Exchanges as Clients: Report

Bank of China unit issues digital securities on Ethereum blockchain in Hong Kong amid city's virtual asset push

Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong

BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report

Performance Overview