3988.HK - Bank of China Limited
| Previous Close | 3.420 |
| Open | 3.450 |
| Bid | 3.430 x 0 |
| Ask | 3.440 x 0 |
| Day's Range | 3.420 - 3.470 |
| 52 Week Range | 3.310 - 4.960 |
| Volume | 175,746,914 |
| Avg. Volume | 301,355,264 |
| Market Cap | 1.19T |
| Beta | 1.29 |
| PE Ratio (TTM) | 5.11 |
| EPS (TTM) | 0.671 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.21 (6.20%) |
| Ex-Dividend Date | 2018-07-05 |
| 1y Target Est | 4.87 |
- Reuters•17 days 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•18 days 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•21 days 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•21 days 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•22 days 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•23 days 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•23 days 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•24 days 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•28 days 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•last month
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•last month
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.•last month
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•last month
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•last month
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•2 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•2 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•2 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•2 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…
- Reuters•2 months 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.•3 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.•3 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•3 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•3 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.
