3988.HK - Bank of China Limited
| Previous Close | 3.520 |
| Open | 3.540 |
| Bid | 3.530 x 0 |
| Ask | 3.540 x 0 |
| Day's Range | 3.520 - 3.560 |
| 52 Week Range | 3.490 - 4.960 |
| Volume | 188,357,023 |
| Avg. Volume | 305,795,225 |
| Market Cap | 1.258T |
| Beta | 1.30 |
| PE Ratio (TTM) | 5.27 |
| EPS (TTM) | 0.671 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.21 (5.86%) |
| Ex-Dividend Date | 2018-07-05 |
| 1y Target Est | 5.53 |
- Reuters•yesterday
China central bank bars some offshore lending in latest move to support yuan
China has banned banks in its ground-breaking free trade zones from certain lending activities to ease pressure on the yuan currency in offshore markets, two sources with direct knowledge of the matter said on Thursday. The move comes as nervous global financial markets wait to see how much further China will allow the yuan to fall, after it weakened against the dollar for nine straight weeks, reviving memories of its jolting devaluation in 2015. The restrictions, announced by the Shanghai branch of the People's Bank of China (PBOC) on Thursday morning, have closed off channels used to deposit and lend yuan offshore through the trade zones as the currency plumbs 15-month lows, the sources said.
- Reuters•10 days ago
China needs better policy coordination to spur lending-PBOC adviser
China should better coordinate its economic policies and regulations to boost lending to small firms, a central bank adviser said in remarks published on Tuesday, as the government seeks to prop up growth amid rising trade tensions. "The main focus will be on strengthening the overall coordination of policies," Ma Jun, a policy adviser to the People's Bank of China (PBOC), told a financial news outlet affiliated with Xinhua News Agency. The cabinet's Financial Stability and Development Commission (FSDC), which is headed by Vice Premier Liu He, should coordinate fiscal, monetary policies, Macro Prudential Assessment(MPA) and micro-level regulations, Ma said.
Reuters•21 days agoExclusive: China eyes infrastructure boost to cushion growth as trade war escalates - sources
China plans to put more money into infrastructure projects and ease borrowing curbs on local governments to help soften the blow to the economy from the Sino-U.S. trade war, policy sources told Reuters. China's trade war with the United States has clouded the outlook for the world's second-largest economy and roiled financial markets. A 4 trillion yuan ($590 billion) spending package in 2008-09 shielded China's economy from the global crisis but saddled local governments and state firms with piles of debt.
- Reuters•21 days ago
BRIEF-Postal Savings Bank Of China Co Updates On External Investment
July 27 (Reuters) - Postal Savings Bank of China Co Ltd : * AS CONSIDERED AND APPROVED, BANK PROPOSES TO INVEST RMB2 BILLION IN NATIONAL FINANCING GUARANTEE FUND FOR 3.0257% Source text for Eikon: Further ...
- Reuters•21 days ago
Exclusive - China eyes infrastructure boost to cushion growth as trade war escalates: sources
China plans to put more money into infrastructure projects and ease borrowing curbs on local governments to help soften the blow to the economy from the Sino-U.S. trade war, policy sources told Reuters. China's trade war with the United States has clouded the outlook for the world's second-largest economy and roiled financial markets. A 4 trillion yuan (£451 billion) spending package in 2008-09 shielded China's economy from the global crisis but saddled local governments and state firms with piles of debt.
- Quartz•23 days ago
People are mocking Hong Kong’s new $100 bill for resembling “hell money”
Hong Kong just gave residents a peek into its new banknotes yesterday (July 24), but one of the bill designs is already being mocked for its resemblance to “hell money,” which Chinese people burn for their deceased loved ones. HSBC, Standard Chartered, and Bank of China spent three years working with the monetary authority to…
- Reuters•29 days ago
China boosts liquidity, set for more policy easing as trade war threatens economy
Chinese policymakers are pumping more liquidity into the financial system and channelling credit to small and medium-sized firms, and Beijing looks set to further loosen monetary conditions to mitigate threats to growth from a heated Sino-U.S. trade war. The world's second-biggest economy has already started to lose momentum this year as a government campaign to reduce a dangerous build-up of debt has lifted borrowing costs, hitting factory output, business investment and the property sector. On Wednesday, a source with direct knowledge of the matter said the People's Bank of China (PBOC) plans to introduce incentives that will boost the liquidity of commercial banks.
- Simply Wall St.•2 months ago
What You Should Know About Postal Savings Bank of China Co Ltd’s (HKG:1658) Risks
As a HK$423.79b market capitalisation company operating in the financial services sector, Postal Savings Bank of China Co Ltd (HKG:1658) has benefited from strong economic growth and improved credit qualityRead More...
- Simply Wall St.•2 months ago
Is It The Right Time To Buy Bank of China Limited (HKG:3988)?
Today we’re going to take a look at the well-established Bank of China Limited (HKG:3988). The company’s stock saw significant share price volatility over the past couple of months onRead More...
- Reuters•2 months ago
China's central bank unexpectedly holds fire on rates as economy wobbles
China's central bank left borrowing costs for interbank loans unchanged on Thursday, a surprising decision that shrugged off the U.S. Federal Reserve's policy rate increase and came as data showed the world's second-biggest economy lost more steam than expected. The People's Bank of China's (PBOC) on-hold stance highlighted uncertainty about the economic outlook as policy makers try to steer through the challenge of a trade spat with the United States and a government-led clampdown on debt. U.S. President Donald Trump is set to meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs on billions of dollars in Chinese goods.
- Reuters•2 months ago
China's central bank unexpectedly holds fire on rates as economy wobbles
China's central bank left borrowing costs for interbank loans unchanged on Thursday, a surprising decision that shrugged off the U.S. Federal Reserve's policy rate increase and came as data showed the world's second-biggest economy lost more steam than expected. The People's Bank of China's (PBOC) on-hold stance highlighted uncertainty about the economic outlook as policy makers try to steer through the challenge of a trade spat with the United States and a government-led clampdown on debt.
- Reuters•2 months ago
China's central bank unexpectedly leaves rates unchanged for reverse repos
China's central bank left borrowing costs for interbank loans unchanged on Thursday, an unexpected decision that shrugged off the U.S. Federal Reserve's increase in its benchmark rate overnight. Reverse repos are one of its most commonly used tools to control liquidity in the financial system. The PBOC did not change its benchmark one-year lending and deposit rates, which have been kept steady since October 2015.
- Reuters•2 months ago
BRIEF-Bank Of China's Executive Director, Deputy Head Of The Bank Ren Deqi Resigns Due To Change In Job Role
June 12 (Reuters) - Bank Of China Ltd: * SAYS EXECUTIVE DIRECTOR, DEPUTY HEAD OF THE BANK REN DEQI RESIGNS DUE TO CHANGE IN JOB ROLE Source text in Chinese: https://bit.ly/2l2BM9a Further company coverage: ...
- Reuters•3 months 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•3 months 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.•3 months ago
Best-In-Class SEHK Dividend Stocks
CITIC Telecom International Holdings is one of the companies that can help improve your portfolio income through large dividend payouts. Great dividend payers create a safe bet to increase investors’Read More...
Reuters•3 months 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•4 months 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•4 months 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•4 months ago
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•4 months ago
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•4 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.
