3988.HK - Bank of China Limited

HKSE - HKSE Delayed Price. Currency in HKD
3.310
-0.060 (-1.78%)
At close: 4:08PM HKT
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Previous Close3.370
Open3.370
Bid0.000 x 0
Ask0.000 x 0
Day's Range3.310 - 3.380
52 Week Range3.200 - 4.960
Volume573,690,289
Avg. Volume263,331,477
Market Cap1.177T
Beta (3Y Monthly)1.12
PE Ratio (TTM)4.93
EPS (TTM)0.671
Earnings DateN/A
Forward Dividend & Yield0.21 (6.24%)
Ex-Dividend Date2018-07-05
1y Target Est4.58
  • Reuters3 days 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 ...

  • Reuters14 days 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: ...

  • Reuters18 days 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 ...

  • BlackRock Is Said to Weigh Setting Up Mutual-Funds Unit in China
    Bloomberg21 days ago

    BlackRock Is Said to Weigh Setting Up Mutual-Funds Unit in China

    As part of the plan, BlackRock is in talks to sell its 16.5 percent stake in Bank of China Investment Management Co., the people said. The firm has also been in discussions with the China Securities Regulatory Commission about applying for its own license and setting up a majority-controlled joint venture, two of the people said, asking not to be named because the deliberations are private. In April, the securities regulator said overseas companies could start applying for majority control of mutual-fund firms, with no revision to existing rules necessary.

  • Reuterslast month

    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.

  • Reuterslast month

    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.

  • Reuterslast month

    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.

  • Reuterslast month

    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.

  • Reuterslast month

    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.last month

    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...

  • Reuterslast month

    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 ...

  • Reuters2 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.

  • CNBC2 months ago

    China's markets tumble after the central bank moves to spur the economy

    China's stock markets fell more than 3.7 percent on Monday after the country's central bank announced measures to prop up the economy amid an ongoing trade war with the United States. On Sunday, the People's Bank of China announced it would be cutting the amount of cash that banks have to hold as reserves from Oct. 15. China stock markets tumbled on Monday, as investors were unnerved by the central bank's decision to slash the amount of cash that the country's lenders must hold as reserves, in a bid to help spur economic growth.

  • Simply Wall St.2 months ago

    Financial Metrics For Bank of China Limited (HKG:3988)

    Bank of China Limited (HKG:3988) is a large-cap stock operating in the financial services sector with a market cap of HK$1.18t. As major financial institutions return to health after the Read More...

  • Reuters2 months ago

    China leaves rates steady after Fed as two economies diverge

    China's central bank left short-term rates unchanged on Thursday, choosing not to follow a benchmark interest rate rise by the U.S. Federal Reserve despite the risk that it could that it could put renewed pressure on the yuan. The move by the People's Bank of China (PBOC) means that it did not immediately adjust borrowing costs for interbank loans after the U.S. Federal Reserve raised its key rate overnight. While the PBOC had been expected to stand pat and has not always followed the Fed in lockstep, the decision highlights diverging policy paths for the world's largest economies, with China's economy slowly losing momentum and facing more pressure from escalating U.S. trade tariffs.

  • Reuters3 months ago

    China more confident after stabilising yuan, seen cutting reserve ratio soon

    SHANGHAI/BEIJING, Sept 21 (Reuters) - China's ability to stabilise the yuan in recent weeks despite weak economic data and a further escalation in its trade war with the United States is reinforcing expectations that the central bank will cut banks' reserve ratios again within weeks. Such a move would underscore shifting policy priorities in Beijing, with growth promotion now on par with, if not trumping, a multi-year campaign to reduce leverage and risks in the financial system. The People's Bank of China (PBOC) has made three targeted cuts so far this year to bank reserve requirement ratios, or RRR, to free up more funds and encourage banks to continue to lend, particularly to smaller firms which are facing strains from the slowing economy.

  • Reuters3 months ago

    Trade war could force heavier hand from China on yuan

    China's central bank may have to decide soon whether to intervene more forcefully to support the wobbling yuan currency as the United States readies more sweeping tariffs on Chinese goods. After tinkering around the edges while the yuan fell for four straight months, the People's Bank of China (PBOC) recently signalled it was not comfortable with further losses and managed to steady the currency before it tested the sensitive 7-per-dollar level. President Donald Trump's administration could slap tariffs on another $200 billion of Chinese imports as early as this week, the latest punitive measures aimed at forcing Beijing to improve market access, cut industrial subsidies and slash its huge trade surplus with the United States.

  • Reuters3 months ago

    Trade war could force heavier hand from China on yuan

    China's central bank may have to decide soon whether to intervene more forcefully to support the wobbling yuan currency as the United States readies more sweeping tariffs on Chinese goods. After tinkering around the edges while the yuan fell for four straight months, the People's Bank of China (PBOC) recently signalled it was not comfortable with further losses and managed to steady the currency before it tested the sensitive 7-per-dollar level. President Donald Trump's administration could slap tariffs on another $200 billion of Chinese imports as early as this week, the latest punitive measures aimed at forcing Beijing to improve market access, cut industrial subsidies and slash its huge trade surplus with the United States.

  • Reuters3 months ago

    Hong Kong's digital banking push pits tech newcomers against old-guard lenders

    At least a dozen banks, fintechs and telecom firms are lining up to get a piece of Hong Kong's retail and small business banking market as the regulator prepares to award the former British colony's first online-only banking licenses. Bidders hoping to challenge the dominance of HSBC (HSBA.L) and its local rivals, Bank of China (Hong Kong) (2388.HK) and Standard Chartered (STAN.L), include China's Ant Financial, Tencent , and Ping An Insurance , several people familiar with the process said. StanChart on Thursday said it had set up a new entity for digital banking and had submitted an application for a license.

  • Hong Kong's digital banking push pits tech newcomers against old-guard lenders
    Reuters3 months ago

    Hong Kong's digital banking push pits tech newcomers against old-guard lenders

    At least a dozen banks, fintechs and telecom firms are lining up to get a piece of Hong Kong's retail and small business banking market as the regulator prepares to award the former British colony's first online-only banking licenses. Bidders hoping to challenge the dominance of HSBC (HSBA.L) and its local rivals, Bank of China (Hong Kong) (2388.HK) and Standard Chartered (STAN.L), include China's Ant Financial, Tencent , and Ping An Insurance , several people familiar with the process said. StanChart on Thursday said it had set up a new entity for digital banking and had submitted an application for a license.

  • Trade tensions cast shadow even as China's big banks bag more profits
    Reuters3 months ago

    Trade tensions cast shadow even as China's big banks bag more profits

    Agricultural Bank of China (AgBank) (1288.HK), the country's third-largest lender, expects its asset quality to stabilise in the second half, but said it had increased provisions as trade tensions threaten the global economy. The comments come after the United Stated and China last week activated another round of duelling tariffs on $16 billion (12.41 billion pounds) worth of each country's goods. Economists reckon that every $100 billion of imports hit by tariffs would cut global trade by around 0.5 percent and impact China's economic growth in 2018 by 0.1 to 0.3 percentage points.