3988.HK - Bank of China Limited
| Previous Close | 3.330 |
| Open | 3.340 |
| Bid | 3.330 x 0 |
| Ask | 3.340 x 0 |
| Day's Range | 3.310 - 3.340 |
| 52 Week Range | 3.200 - 4.960 |
| Volume | 98,402,262 |
| Avg. Volume | 274,218,258 |
| Market Cap | 1.159T |
| Beta (3Y Monthly) | 1.12 |
| PE Ratio (TTM) | 4.96 |
| EPS (TTM) | 0.671 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.21 (6.33%) |
| Ex-Dividend Date | 2018-07-05 |
| 1y Target Est | 4.60 |
- Reuters•6 days 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.
- Reuters•9 days 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.
- Reuters•10 days 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.
- Reuters•10 days 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.
- Reuters•10 days 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.•13 days 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...
Bloomberg•17 days agoRupee Slump to Push India to Seek Yuan Trade Settlement
The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs, the people said, asking not to be identified citing rules. The proposal would allow Indian exports of pharmaceuticals, oilseeds and sugar to China to be settled in rupee, while keeping out trade in high volume products such as electronics, they said. Oil is India’s biggest import item and the government estimates it will pay a record $125 billion, or 8.8 trillion rupees, for crude imports this fiscal year, the highest in rupee terms since 2001.
- Reuters•20 days 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 ...
Bloomberg•28 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•last month
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•last month
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.•last month
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•2 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.
- Reuters•2 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.
- 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•3 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•3 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•3 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•3 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•3 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 ...