3988.HK - Bank of China Limited

HKSE - HKSE Delayed Price. Currency in HKD
3.480
-0.030 (-0.85%)
At close: 4:08PM HKT
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Previous Close3.510
Open3.520
Bid3.470 x 0
Ask3.480 x 0
Day's Range3.460 - 3.530
52 Week Range3.200 - 4.960
Volume260,334,532
Avg. Volume254,600,089
Market Cap1.208T
Beta (3Y Monthly)1.10
PE Ratio (TTM)5.18
EPS (TTM)0.671
Earnings DateN/A
Forward Dividend & Yield0.21 (6.13%)
Ex-Dividend Date2018-07-05
1y Target Est4.49
  • Reutersyesterday

    China readies first perpetual bond issue by bank, but demand could be weak

    SINGAPORE/SHANGHAI (Reuters) - China took a big step last week on the long road toward recapitalisation of banks hobbled by stale loans, giving a first ever approval for a perpetual bond issue by a lender, but going by initial feedback "perps" could be difficult to sell. The role of pathbreaker has fallen to Bank of China (BoC), the country's fourth-largest lender. Last Thursday, the banking and insurance regulator gave BoC clearance to issue up to 40 billion yuan ($5.9 billion) of non-fixed term bonds.

  • Exclusive: Sri Lanka to receive $1 billion Bank of China loan this quarter
    Reuters5 days ago

    Exclusive: Sri Lanka to receive $1 billion Bank of China loan this quarter

    Sri Lanka will receive a loan of $1 billion from Bank of China before the end of the January-March quarter, the chief of the central bank said on Thursday, to help the country meet repayments in the coming months. Sri Lanka is struggling to repay its foreign loans, with a record $5.9 billion due this year including $2.6 billion in the first three months. The island nation is a key battleground in the tussle for influence in South Asia between China and traditional regional power India.

  • ACCESSWIRE7 days ago

    Asia Stocks Head Higher With 3 Gaining Investor Interest

    "We do like the theme of populist spending pre-elections," said Corrine Png, regional equities research head at AIA Investment Management - the asset management arm of the Asian life insurer. EPI (Holdings) Limited, an investment holding company, engages in the exploration and production of petroleum in Argentina and the People's Republic of China. EPI (Holdings) Limited is a subsidiary of Premier United Group Limited.

  • Exclusive: Sri Lanka says has $300 million loan offer from Bank of China, may increase to $1 billion
    Reuters7 days ago

    Exclusive: Sri Lanka says has $300 million loan offer from Bank of China, may increase to $1 billion

    Sri Lanka is considering an offer from Bank of China for a loan of $300 million (£234.7 million), which could be raised to $1 billion, to help it meet repayments in coming months, junior finance minister Eran Wickramaratne told Reuters on Tuesday. A series of credit rating downgrades amid a political crisis have made it harder for Sri Lanka to borrow as it faces record high repayments of $5.9 billion this year, $2.6 billion of which fall due in the first three months. "It's extremely difficult to tap the international market due to tight conditions and rating downgrades," said Wickramaratne, who is the state minister of finance.

  • Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua
    Reuters9 days ago

    Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua

    Bank of China's New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported on Sunday. Pledging to introduce more services for small and medium-sized enterprises engaged in cross-border trade between the United States and China, executives from the branch said payment in yuan would be possible by tapping new functions of e-MPay, a cross-border payment system launched by the branch in 2016. The branch is developing a system using an existing platform to "facilitate trade finance for e-commerce players," said Xu Chen, president and chief executive officer of Bank of China USA, Xinhua reported, without providing further details.

  • Reuters9 days ago

    Bank of China to enable payment in yuan on U.S. e-commerce platforms - Xinhua

    Bank of China's New York branch [BKCHNW.UL] will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported on Sunday. Pledging to introduce more services for small and medium-sized enterprises engaged in cross-border trade between the United States and China, executives from the branch said payment in yuan would be possible by tapping new functions of e-MPay, a cross-border payment system launched by the branch in 2016. The branch is developing a system using an existing platform to "facilitate trade finance for e-commerce players," said Xu Chen, president and chief executive officer of Bank of China USA, Xinhua reported, without providing further details.

  • Reuters12 days ago

    BRIEF-Jilin Province Huinan Changlong Bio-Pharmacy Co Says Subscribed For Wealth Management Product In Amount Of RMB100 Mln

    Jan 10 (Reuters) - Jilin Province Huinan Changlong Bio-pharmacy Co Ltd: * SUBSCRIBED FOR WEALTH MANAGEMENT PRODUCT FROM POSTAL SAVING BANK OF CHINA IN AMOUNT OF RMB100 MILLION Source text for Eikon: Further ...

  • Financial Times13 days ago

    [$$] Renminbi firms to 5-month high as dollar loses ground in Asia

    China’s currency strengthened to its firmest level against the dollar in more than 150 days on Thursday as the greenback continued losing ground to a number of currencies in the Asia-Pacific region. The onshore renminbi, which trades within two per cent in either direction of a midpoint set each day by the People’s Bank of China, gained 0.4 per cent to Rmb6.7869 per dollar, its strongest level since August 2018. Elsewhere in the region Japan’s yen gained 0.3 per cent to ¥107.81 per dollar and the Australian dollar rose 0.3 per cent to $0.7185.

  • Bloomberg27 days ago

    Bank of China Plans Perpetual Bond Sale in Capital Push

    Shareholders approved the proposal at the end of June, the bank’s representatives said Wednesday in response to Bloomberg queries. Chinese authorities met Tuesday to discuss ways to help banks replenish capital and sell perpetual debt as soon as possible, the People’s Bank of China said in a statement Wednesday.

  • Reuters2 months ago

    BRIEF-Argus Shanghai Textile Chemicals Signs Agreement With Bank Of China's Shanghai Branch

    Dec 7 (Reuters) - Argus Shanghai Textile Chemicals Co Ltd : * SAYS IT SIGNS COOPERATION FRAMEWORK AGREEMENT WITH BANK OF CHINA SHANGHAI BRANCH Source text in Chinese: https://bit.ly/2G5eRaS Further company ...

  • Reuters2 months ago

    BRIEF-China Molybdenum Signs Framework Agreement With Bank Of China On Financial Services Cooperation

    Nov 26 (Reuters) - China Molybdenum Co Ltd : * SAYS IT SIGNS FRAMEWORK AGREEMENT WITH BANK OF CHINA ON FINANCIAL SERVICE COOPERATION Source text in Chinese: https://bit.ly/2Kx7Eic Further company coverage: ...

  • Reuters2 months ago

    BRIEF-Shanghai Exchange Filing Shows Block Trade Of Bank Of China's A-Shares Involving 750.95 Mln Yuan On Nov 21

    Nov 21 (Reuters) - Bank Of China Ltd: * SHANGHAI STOCK EXCHANGE FILING SHOWS BLOCK TRADE OF BANK OF CHINA'S 208.02 MILLION A-SHARES INVOLVING 750.95 MILLION YUAN ($108.25 million) ON NOV 21 Source text ...

  • Reuters2 months ago

    Timeline of China's recent measures to stabilise yuan near key level

    China's yuan has been under depreciation pressure this year amid rising headwinds for the broad economy, and an escalating Sino-U.S. trade dispute also heightened worries over growth outlook. The market's focus has now shifted to whether the central bank will firmly defend that level or let the yuan weaken further, and how much. ** Nov 7 - The PBOC sells its first yuan-denominated bills in Hong Kong, raising 20 billion yuan ($2.88 billion) and giving it a new tool to manage the currency in offshore markets as it faces further pressure.

  • Reuters3 months ago

    China to step up funding support for private firms

    China's central bank will step up funding support for private firms including developing an equity financing tool, its chief, Yi Gang, said on Tuesday, the latest step to support a slowing economy pressured by a trade dispute with the United States. China's overall liquidity is ample but more effort is needed to channel cash to private firms and other parts of the economy where support is needed, Yi told the state-owned Economic Daily in an interview.

  • Reuters3 months ago

    China central bank tests new regulations on Ant Financial, Suning.com

    China is testing new regulations on five financial holding companies, including e-commerce giant Alibaba's (BABA.N) fintech affiliate Ant Financial Service [ANTFIN.UL], paving the way for tighter oversight of the fast-growing sector. The pilot scheme, designed to rein in debt risks among financial holding companies, also included retail conglomerate Suning.com and large state-owned companies such as China Merchants Group, Shanghai International Group, and Beijing Financial Holdings Group, state news agency Xinhua reported late on Friday. Based on the trial, the People's Bank of China (PBOC) aims to roll out a supervision plan for the broader sector as soon as in the first half of 2019, Xinhua said.

  • Reuters3 months ago

    China central bank tests new regulations on Ant Financial, Suning.com

    China is testing new regulations on five financial holding companies, including e-commerce giant Alibaba's fintech affiliate Ant Financial Service , paving the way for tighter oversight of the fast-growing sector. The pilot scheme, designed to rein in debt risks among financial holding companies, also included retail conglomerate Suning.com and large state-owned companies such as China Merchants Group, Shanghai International Group, and Beijing Financial Holdings Group, state news agency Xinhua reported late on Friday. Based on the trial, the People's Bank of China (PBOC) aims to roll out a supervision plan for the broader sector as soon as in the first half of 2019, Xinhua said.

  • Reuters3 months ago

    China c.bank trials tighter regulation on Ant Financial, Suning.com

    China is testing new regulations on five financial holding companies, including e-commerce giant Alibaba's payment affiliate Ant Financial Service , paving the way for tighter oversight of the fast-growing sector. The pilot scheme, designed to rein in debt risks among financial holding companies, also included retail conglomerate Suning.com and large state-owned companies such as China Merchants Group, Shanghai International Group, and Beijing Financial Holdings Group, state news agency Xinhua reported late on Friday. Based on the trial, the People's Bank of China (PBOC) aims to roll out a supervision plan for the broader sector as soon as in the first half of 2019, Xinhua said.

  • Simply Wall St.3 months ago

    Real Risks You Need To Know Before Investing In Bank of China Limited (HKG:3988)

    Large banks such as Bank of China Limited (HKG:3988), with a market capitalisation of HK$1.2t, have benefited from improving credit quality as a result of post-GFC recovery, leading to a Read More...

  • Reuters3 months ago

    DIARY-Hong Kong corporate earnings week ahead

    Oct 26 (Reuters) - Diary of Hong Kong (.HSI) corporate earnings for the week ahead. HONG KONG EARNINGS Start Date Start RIC Company Event Name Time(GMT) 29-Oct-2018 04:00 HSBA.L HSBC Holdings PLC Q3 2018 ...

  • Reuters3 months ago

    Analysis: Lost in transmission - China's small firms get more loans on paper but not in reality

    Beijing is keen to show results after four rounds of policy easing, so China's big banks are playing along, highlighting their efforts to boost lending to cash-starved small firms, offering collateral waivers and setting loan targets. The health of millions of small firms, most privately owned, is crucial to China's efforts to ward off a sharp slowdown and mass job losses while fighting a bitter trade war with the United States. The People's Bank of China (PBOC) has cut the amount of cash commercial lenders must hold as reserves four times since January.