- Reuters•3 days ago
The yuan could fall by five percent in 2017, and anything more than that will result in greater capital outflows, former People's Bank of China (PBOC) adviser Li Daokui said. The PBOC could spend an additional $200 billion to $300 billion to achieve its goal to control currency moves, Li, who now teaches at the Tsinghua University, told the Reuters Global Markets Forum on the sidelines of the World Economic Forum. Question: After three consecutive years of decline for the yuan, at what level do you think matters might get out of hand for the PBOC?
- Financial Times•7 days ago
c In the film Mission: Impossible III Tom Cruise's character bungee jumped from the 53-storey Bank of China Tower, not from the 88-storey Jinmao Tower as incorrectly stated in today's magazine feature. ...
- Reuters•27 days ago
China needs to keep financial market liquidity stable and regulate its "money gates" to prevent asset bubbles, but it also needs to ensure a lack of liquidity doesn't cause financial stress, according to a commentary in a newspaper owned by the People's Bank of China. The country's leaders have called for a "prudent and neutral" monetary policy in 2017 and for prevention of financial risk, while keeping the economy on a path of stable and healthy growth, according to statements following a key economic meeting this month. Monetary policy needs to support economic growth and ensure enough liquidity in the interbank market, but also needs to target price stability and pay attention to asset bubbles, Financial News said in the commentary on Saturday.
3988.HK : Summary for BANK OF CHINA - Yahoo Finance
BANK OF CHINA (3988.HK)
HKSE - HKSE Delayed Price. Currency in HKD
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|Day's Range||3.51 - 3.55|
|52 Week Range||2.83 - 3.77|
|PE Ratio (TTM)||5.33|
|Dividend & Yield||0.03 (6.11%)|
|1y Target Est||N/A|