3988.HK - Bank of China Limited
| Previous Close | 3.230 |
| Open | 3.220 |
| Bid | 3.270 x 0 |
| Ask | 3.280 x 0 |
| Day's Range | 3.200 - 3.310 |
| 52 Week Range | 3.200 - 4.960 |
| Volume | 324,848,738 |
| Avg. Volume | 258,287,942 |
| Market Cap | 1.162T |
| Beta (3Y Monthly) | 1.29 |
| PE Ratio (TTM) | 4.89 |
| EPS (TTM) | 0.671 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.21 (6.55%) |
| Ex-Dividend Date | 2018-07-05 |
| 1y Target Est | 4.77 |
Bloomberg•2 days agoChina's New Strategy for Curbing World's Worst Stock Slide
It’s local authorities who have been most active to cushion what’s been a near-30 percent plunge in the Shanghai Composite Index from its January high. Officials in the southern cities of Shenzhen and Shunde as well as Beijing’s Haidian district have moved to help listed firms from their areas, according to local authorities and media reports. Rather than the across-the-board purchases seen in efforts led by the central government in the wake of a $5 trillion sell-off in 2015, this time around aid appears to be channeled to specific companies in need of liquidity support.
- Reuters•4 days 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.
- CNBC•12 days 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.•19 days 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...
- Reuters•23 days 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.
- Reuters•29 days 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.
- Reuters•2 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.
- Reuters•2 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.
- Reuters•2 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.
Reuters•2 months agoHong 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.
Reuters•2 months agoTrade 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.
- Reuters•2 months ago
China's AgBank, BoC post higher profits as margins improve
BEIJING (Reuters) - Agricultural Bank of China Ltd (AgBank) and Bank of China Ltd (BoC), the country's third- and fourth-largest lenders, reported higher profits for the first half of the year as margins ...
- Reuters•2 months ago
BRIEF-Bank Of China Posts H1 Financial Results
Aug 28 (Reuters) - Bank Of China Ltd: * SAYS H1 NET INTEREST MARGIN AT 1.88 PERCENT VERSUS 1.85 PERCENT AT END-MARCH * SAYS H1 NET PROFIT 109.09 BILLION YUAN ($15.87 billion) * SAYS H1 NPL RATIO AT 1.43 ...
Reuters•2 months agoYuan hits four-week high as China signals support, revives X-factor for fixing
China's yuan finished Monday afternoon trade at a near 4-week high to the dollar after the central bank revived a "counter-cyclical factor" in its daily fixing to support the currency, halting a record 10-week slide that rattled global markets and irritated Washington. The announcement was seen as the latest signal from the People's Bank of China (PBOC) that is not comfortable with further depreciation in the yuan which could spark capital outflows from the cooling economy. The move late on Friday came a day after the latest Sino-U.S. talks aimed at resolving the trade dispute ended with little progress, with tougher U.S. measures expected to kick in next month that could add more pressure on the Chinese currency.
- Reuters•2 months ago
DIARY-Hong Kong corporate earnings week ahead
Aug 24 (Reuters) - Diary of Hong Kong (.HSI) corporate earnings for the week ahead. HONG KONG EARNINGS Start Date Start RIC Company Event Name Time(GMT) 28-Aug-2018 NTS 2388.HK BOC Hong Kong Holdings Ltd ...
- Reuters•2 months ago
China banks set for modest profit growth as bad loan outlook under cloud
SHANGHAI/HONG KONG (Reuters) - China's biggest listed state-owned lenders are expected to post modestly higher profits and steady margins for the six months ended June, as government efforts to boost spending and liquidity underpins loan growth. Beijing has been pumping funds into the banking system and rolling out support measures for local businesses to cushion the impact from an escalating trade war with the United States. Indications on future trends are expected to emerge over the coming weeks as the country's top banks - Industrial and Commercial Bank of China , China Construction Bank Corp , Agricultural Bank of China , Bank of China and Bank of Communications Co Ltd - unveil their January-June results.
- Reuters•2 months ago
BRIEF-Malaysia C.Bank And The People’S Bank Of China Entered Into An Agreement To Renew Currency Swap Arrangement With A Size Of RMB 180 Billion/Rm110 Billion For Another Three Years
* MALAYSIA C.BANK AND THE PEOPLE’S BANK OF CHINA ENTERED INTO AN AGREEMENT TO RENEW CURRENCY SWAP ARRANGEMENT WITH A SIZE OF RMB 180 BILLION/RM110 BILLION FOR ANOTHER THREE YEARS Source text for Eikon: ...
- Simply Wall St.•2 months ago
Is Postal Savings Bank of China Co Ltd (HKG:1658) An Attractive Dividend Stock?
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. In the past, Postal Savings Bank of China Co LtdRead More...
- Reuters•2 months ago
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•2 months 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•3 months 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•3 months 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•3 months 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•3 months 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…
