3988.HK - Bank of China Limited
| Previous Close | 4.160 |
| Open | 4.150 |
| Bid | 4.140 x 0 |
| Ask | 4.150 x 0 |
| Day's Range | 4.140 - 4.180 |
| 52 Week Range | 3.570 - 4.960 |
| Volume | 275,171,295 |
| Avg. Volume | 303,832,140 |
| Market Cap | 1.409T |
| Beta | 1.35 |
| PE Ratio (TTM) | 6.90 |
| EPS (TTM) | 0.600 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.22 (5.23%) |
| Ex-Dividend Date | 2018-07-05 |
| 1y Target Est | 5.36 |
- Reuters•8 days ago
China to aid cross-border yuan flows ahead of MSCI inclusion
China's central bank announced a series of measures on Friday to support cross-border fund flows, in an apparent effort to avoid a potential liquidity crunch in the offshore yuan market around June 1, when Chinese shares will be included in MSCI's benchmark indexes. China's MSCI entry is expected to trigger a surge in foreign money flows into yuan-denominated A shares, largely via cross-border stock connect schemes with Hong Kong, potentially boosting demand for the offshore yuan. The People's Bank of China (PBOC) said in a statement that banks involved in offshore yuan clearing and settlement can tap liquidity from the onshore market, while urging clearing banks to come up with contingency plans to deal with liquidity risks.
- Reuters•8 days ago
China to aid cross-border yuan flows ahead of MSCI inclusion
China's central bank announced a series of measures on Friday to support cross-border fund flows, in an apparent effort to avoid a potential liquidity crunch in the offshore yuan market around June 1, when Chinese shares will be included in MSCI's benchmark indexes. China's MSCI entry is expected to trigger a surge in foreign money flows into yuan-denominated A shares, largely via cross-border stock connect schemes with Hong Kong, potentially boosting demand for the offshore yuan.
- Simply Wall St.•15 days ago
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Reuters•22 days agoGermany's DZ Bank to sell parts of DVB after muted interest for whole business - sources
LONDON/FRANKFURT (Reuters) - Germany's No.2 lender DZ Bank plans to sell certain assets of its troubled ship and aircraft financing division DVB after receiving muted interest for the whole business, four sources familiar with the matter said. The sources, who declined to be identified due to the sensitivity of the matter, said DZ Bank, which is also the umbrella organisation of German cooperative bank chain Raiffeisen-Volksbanken, would start by selling DVB's aviation and land transport finance portfolios, followed by its shipping and offshore portfolios. Two of the sources said asset managers Apollo Global Management (APO.N) and Cerberus Capital Management were interested in the aviation segment.
Reuters•29 days agoChina's Big Five banks log fastest first-quarter profit growth in four years
BEIJING/SHANGHAI (Reuters) - China's Big Five state-owned banks posted their fastest first-quarter net profit growth in four years, while their ratio of soured debt remained steady. China's biggest lenders are in the midst of a revival, posting faster profit growth and generally healthier net interest margins after years of rising bad debt as economic growth slowed down. On Friday, Agricultural Bank of China Ltd (AgBank), reported a 5.43 percent rise in first-quarter net profit, while the country's largest bank, Industrial and Commercial Bank of China Ltd (ICBC), said its net profit grew 4 percent over the same period.
- Reuters•29 days ago
BRIEF-Bank Of China Reports Q1 Financial Results
April 27 (Reuters) - Bank Of China Ltd: * SAYS Q1 NET INTEREST MARGIN AT 1.85 PERCENT VERSUS 1.84 PERCENT AT END-DECEMBER * SAYS Q1 NPL RATIO AT 1.43 PERCENT VERSUS 1.45 PERCENT AT END-DECEMBER * SAYS ...
- Reuters•last month
China to cut RRR further, M2 growth seen accelerating - MNI
China will further cut the amount of cash that lenders must keep in reserves, and broad M2 money supply growth will accelerate this year, Market News International reported on Tuesday, citing a source close to the central bank. The report comes amid growing speculation that China is considering shifting its monetary policy to a looser bias, as the threat of a trade war with the United States adds to worries about an expected slowdown in the world's second-largest economy in coming months. The People's Bank of China (PBOC) last week cut reserve requirement ratios (RRR) for most banks, hours after the statistics bureau reported softer-than-expected industrial output and investment growth for March, suggesting economic momentum may already be starting to slow.
- Reuters•last month
DIARY-Hong Kong corporate earnings week ahead
April 20 (Reuters) - Diary of Hong Kong (.HSI) corporate earnings for the week ahead. HONG KONG EARNINGS Start Date Start RIC Company Event Name Time(GMT) 26-Apr-2018 NTS 0688.HK China Overseas Land & ...
- Reuters•2 months ago
China will actively resolve shadow banking risks - central bank
China will actively resolve shadow banking risks and prudently tackle risks associated with financial institutions, the central bank said on Wednesday. China will effectively control the macro leverage ratio and credit risks in key areas, the People's Bank of China (PBOC) said in a statement on its website. Under the leadership of the Financial Stability and Development Committee (FSDC), the PBOC will strengthen inter-government coordination and specify a time frame and a roadmap for relevant work in the future, the central bank added.
- CCN•2 months ago
Cryptocurrencies a Top Priority for China in 2018: Central Bank
The People’s Bank of China (PBoC) has listed cryptocurrencies as one of its chief priorities for the year as it seeks to strengthen the renminbi and ramp up its capital controls. In a statement published March 28, the PBoC — China’s central bank — said that intended to “carry out the rectification of various types
Reuters•2 months agoChina's top lenders take home bigger profits, upbeat on 2018
SHANGHAI (Reuters) - China's top five lenders have raked in bigger annual profits and expect business conditions to continue improving this year, as Beijing's crackdown on shadow financing and high leverage ...
- Reuters•2 months ago
Bank of China Q4 profit drops less than expected on higher interest income
* BoC 2017 net profit up about 5 pct y/y * NIM 1.84 pct vs 1.83 pct in 2016 * NPL ratio 1.45 pct vs 1.41 pct end-Sept (Adds interest income, other details) SHANGHAI/BEIJING, March 29 (Reuters) - Bank of ...
- Reuters•2 months ago
Bank of China Q4 profit drops by smaller-than-expected 10 pct
SHANGHAI/BEIJING, March 29 (Reuters) - Bank of China Ltd (BoC) , the country's fourth-largest lender by assets, on Thursday said net profit fell about 10 percent in the fourth quarter of 2017, but the ...
Reuters•2 months agoChina's largest banks feel wind in their sails as profits rebound
BEIJING/SHANGHAI (Reuters) - China's top lenders are reporting their best profit growth in three years on better net interest margins, with Beijing's crackdown on shadow financing and high leverage expected to further drive recovery this year. The strong 2017 results suggest that Beijing has been successful in pushing smaller lenders to cut their exposure to riskier financing practices - in turn helping reduce competition for the state-backed behemoths. "The banks that will do well this year are those that have national franchises, "safe" brands, relatively clean balance sheets, competitive products, sticky core deposits and strong credit skills," said John Ott, partner with Bain & Company and a leader with its Greater China financial services practice.
- Reuters•2 months ago
BRIEF-Postal Savings Bank Of China Posts FY Net Profit Attributable Of RMB47.68 Bln
March 27 (Reuters) - Postal Savings Bank Of China Co Ltd : * RECOMMENDED DIVIDEND ON ORDINARY SHARES OF RMB1.471 PER 10 SHARES * FY NET PROFIT ATTRIBUTABLE RMB 47.68 BILLION VERSUS RMB39.80 BILLION ...
- Reuters•2 months ago
Bank of China to provide 30 billion yuan financing for winter sports from 2018-2024 - chairman
BEIJING (Reuters) - Bank of China Ltd (BoC) will provide 30 billion yuan (£3.4 billion) financing for the winter sports industry over the next seven years, said its chairman. The sum will be provided from ...
- Reuters•2 months ago
China names reformist Guo Shuqing as central bank's Communist Party chief and vice governor
Guo Shuqing, head of China's new regulator for the banking and insurance sectors, has been appointed the Communist Party chief and deputy governor of the People's Bank of China (PBOC), official publication Financial News reported on Monday. As PBOC party chief, Guo will exert the widest influence at one of the world's most powerful central banks, which unlike its peers in some countries is not fully independent.
- Reuters•2 months ago
China to name reformer Guo Shuqing as central bank party chief - sources
Guo Shuqing, head of China's new regulator for the banking and insurance sectors, can be expected to also be installed soon in the role of Communist Party chief of the People's Bank of China (PBOC), two sources with knowledge of the matter said on Sunday. Unlike other central banks in the world, the PBOC is not fully independent. While its governor can be expected to manage the bank's daily operations, its party chief is the ultimate boss.
- Reuters•2 months ago
China to name reformer Guo Shuqing as central bank party chief-sources
Guo Shuqing, head of China's new regulator for the banking and insurance sectors, can be expected to also be installed soon in the role of Communist Party chief of the People's Bank of China (PBOC), two sources with knowledge of the matter said on Sunday. Unlike other central banks in the world, the PBOC is not fully independent. While its governor can be expected to manage the bank's daily operations, its party chief is the ultimate boss.
- Reuters•2 months ago
DIARY-Hong Kong corporate earnings week ahead
March 23 (Reuters) - Diary of Hong Kong (.HSI) corporate earnings for the week ahead. HONG KONG EARNINGS Start Date Start Time RIC Company Event Name (GMT) 26-Mar-2018 04:15 600028.SS China Petroleum & ...
- Reuters•2 months ago
BRIEF-Bank Of China (Hong Kong) Says Interest rates remain unchanged
March 22 (Reuters) - Bank of China (Hong Kong) Limited * SAYS ITS HONG KONG DOLLAR PRIME RATE REMAINS UNCHANGED AT 5.0 PERCENT PER ANNUM (Reporting by Hong Kong newsroom)
