3988.HK - Bank of China Limited

HKSE - HKSE Delayed Price. Currency in HKD
4.430
+0.090 (+2.074%)
At close: 4:08PM HKT
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Previous Close4.340
Open4.390
Bid4.430 x 0
Ask4.440 x 0
Day's Range4.380 - 4.450
52 Week Range3.570 - 4.960
Volume305,747,897
Avg. Volume456,918,322
Market Cap1.615T
BetaN/A
PE Ratio (TTM)7.38
EPS (TTM)0.600
Earnings DateN/A
Forward Dividend & Yield0.19 (4.37%)
Ex-Dividend Date2016-06-16
1y Target Est5.13
  • Reuters2 days ago

    Exclusive: Xi confidant emerges as front runner to head China’s central bank - sources

    Liu He, a Harvard-trained economist who is a trusted confidant of Chinese President Xi Jinping, has emerged as the front runner to be the next governor of the People's Bank of China (PBOC), according to three sources with knowledge of the situation. Liu may be in a position to become one of China's most powerful economic and financial officials ever, as he is already top adviser to Xi on economic policy and is also expected to become vice premier overseeing the economy. Liu would replace current PBOC chief, 70-year-old Zhou Xiaochuan, who is China's longest-running head of the central bank, having taken the job in 2002.

  • Exclusive: Xi confidant emerges as front runner to head China’s central bank - sources
    Reuters2 days ago

    Exclusive: Xi confidant emerges as front runner to head China’s central bank - sources

    Liu He, a Harvard-trained economist who is a trusted confidant of Chinese President Xi Jinping, has emerged as the front runner to be the next governor of the People's Bank of China (PBOC), according to three sources with knowledge of the situation. Liu may be in a position to become one of China's most powerful economic and financial officials ever, as he is already top adviser to Xi on economic policy and is also expected to become vice premier overseeing the economy. Liu would replace current PBOC chief, 70-year-old Zhou Xiaochuan, who is China's longest-running head of the central bank, having taken the job in 2002.

  • Financial Times4 days ago

    [$$] 17 reasons for a weak dollar

    Here’s a conundrum: the dollar index has dropped 2.5 per cent so far this year, and no one seems to agree about why the US currency has been soft in 2018. It’s not that there aren’t reasons . Rather conversations ...

  • Bloomberg12 days ago

    PBOC Names JPMorgan First Non-Chinese Yuan Clearing Bank

    The People’s Bank of China appointed JPMorgan Chase Bank N.A. as a yuan clearing bank in the U.S., the first non-Chinese lender for such a role globally and a further step to promote international use ...

  • Reuters12 days ago

    China central bank governor says will maintain prudent monetary policy in 2018 - PBOC publication

    BEIJING (Reuters) - China's central bank governor Zhou Xiaochuan said China will maintain prudent monetary policy as well as appropriate growth in credit in 2018, according to comments in China Financialyst, ...

  • Reuters16 days ago

    Exclusive: Chinese banks eye bid for Germany's DVB Bank - sources

    LONDON/FRANKFURT (Reuters) - Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the matter say. The preliminary interest by two of China's leading lenders follows a wider push by Chinese companies to scoop up assets in Europe, especially in Germany. In December, sources told Reuters that German cooperative lender DZ Bank was moving ahead with plans to sell its subsidiary DVB, which finances ships, aircraft, offshore oil rigs and the rail industry.

  • Top Cheap Stocks To Buy
    Simply Wall St.23 days ago

    Top Cheap Stocks To Buy

    Best Pacific International Holdings and Bank of China are companies that are currently trading below what they’re actually worth. There’s a few ways you can measure the value of aRead More...

  • Reuters26 days ago

    China central bank asks EU to reconsider thresholds for bank supervision requirements

    China's central bank on Tuesday asked the European Union authorities to reconsider proposed rules that require foreign banks to set up parent holding companies for supervisory purposes, if they have assets of 30 billion euros or more. The European Commission proposed in 2016 that banks headquartered outside the bloc consolidate their EU activities under holding structures called "intermediate parent undertakings", or IPUs, which would mirror similar regulatory moves in the U.S. The IPU framework is designed to allow regulators to more closely monitor foreign banks operating within their jurisdiction.

  • Business Wire26 days ago

    Jefferies and Bank of China’s BOC International (“BOCI”) to Provide Joint Investment Banking and Capital Markets Services to Clients Globally

    Jefferies LLC today announced that it has entered into a strategic alliance with BOC International Holdings Limited , a wholly owned subsidiary of Bank of China. Under the agreement, BOCI and Jefferies will have the ability to jointly provide investment banking advisory and capital markets services to clients globally.

  • Reuters29 days ago

    China fines 12 banks over illegal bill trading, fraud

    China's banking regulator said on Saturday that it had fined 12 Chinese lenders after uncovering illegal trading of 7.9 billion yuan ($1.25 billion) of bank bills. The fraud has "severally disrupted market order", and showed the lack of internal controls and poor compliance at the institutions involved, the China Banking Regulatory Commission (CBRC) said in a statement on its website. In its statement, the CBRC did not identify the issuer of the bills and did not say what was illegal about the trading.

  • January Best Dividend Payers
    Simply Wall St.last month

    January Best Dividend Payers

    Bank of China, China Mobile, and China Construction Bank have one big thing in common. They are on my list of the best dividend stocks which have generously contributed toRead More...

  • Reuterslast month

    BRIEF-Bank Of China's Executive Director, Deputy Head Of The Bank Resigns

    Jan 24 (Reuters) - Bank Of China Ltd: * SAYS EXECUTIVE DIRECTOR, DEPUTY HEAD OF THE BANK GAO YINGXIN RESIGNS DUE TO CHANGE IN JOB ROLE Source text in Chinese: http://bit.ly/2F8bpH2 Further company coverage: ...

  • Reuterslast month

    BRIEF-Bank Of China Approves To Pay Dividends For Preference Shares For 1.54 Billion Yuan

    Jan 19 (Reuters) - Bank of China Ltd: * SAYS BOARD APPROVES TO PAY DIVIDENDS FOR PREFERENCE SHARES FOR 1.54 BILLION YUAN ($240.72 million) Source text in Chinese: http://bit.ly/2FVAuGy Further company ...

  • Bank of China Sees Commodities in Full Bloom Amid 2018 Rotation
    Bloomberglast month

    Bank of China Sees Commodities in Full Bloom Amid 2018 Rotation

    The stage may be set for commodities to extend their stellar gains, according to Bank of China International analysts.

  • MarketWatch2 months ago

    Asian markets continue rally; Taiwan stocks jump to 28-year high

    Asian equities moved broadly higher early Monday, extending last week’s global stock rally, even as some local markets underwent a bout of morning weakness.

  • Reuters2 months ago

    Code crackdown: China payments restrictions to hit profits

    A decision by China's central bank to rein in reserve funds held by payment firms could cost the industry upwards of $689 million a year, spur consolidation and alter the way Asia's biggest tech firms move money. Mobile payments using in-app QR or bar-codes have become ubiquitous for everything from taxis to grocery shopping and bike rental in China in recent years, with customers making 19 trillion yuan (2.16 trillion pounds) in transactions in 2016, according to iResearch. The rapid uptake has spurred fears that mobile payment firms, without oversight, could misuse funds held while transactions between users and merchants clear.

  • What You Should Know About Bank of China Limited’s (HKG:3988) Risks
    Simply Wall St.2 months ago

    What You Should Know About Bank of China Limited’s (HKG:3988) Risks

    Improving credit quality as a result of post-recession recovery has led to a strong growth environment for financial institutions. Large banks such as Bank of China Limited (SEHK:3988), with aRead More...

  • Morningstar2 months ago

    Financial Services: Asset Managers Are Forced to Adapt

    Major competitive and regulatory developments with asset managers prevail, while interest rates are a key trend for financials in general.

  • Reuters2 months ago

    BRIEF-Postal Savings Bank Of China Says CBRC Approved Qualification Of Liu Yue As Non-Executive Director

    Dec 26 (Reuters) - Postal Savings Bank Of China Co Ltd : * CHINA BANKING REGULATORY COMMISSION APPROVED QUALIFICATION OF LIU YUE AS NON-EXECUTIVE DIRECTOR OF BANK Source text for Eikon: Further company ...

  • Reuters2 months ago

    China liquidity tool moves into focus as Fed rate decision awaited

    SHANGHAI/BEIJING (Reuters) - Speculation is growing that China's central bank will wield a liquidity management tool twice this month for the first time since March, and that has some traders feeling Beijing might tighten policy soon after this week's Federal Reserve meeting. The tool is the medium-term lending facility (MLF). Ten months ago, when the People's Bank of China (PBOC) last made two such injections, it followed the Fed's March lead and hiked its short- and medium-term target rates.

  • Reuters3 months ago

    China central bank says to continue prudent, neutral monetary policy

    China's central bank said late on Friday that it will maintain a prudent and neutral monetary policy and keep liquidity conditions stable, as it seeks to fend off systemic risks in the world's second-largest economy. The People's Bank of China (PBOC) will also keep the yuan stable while increasing the currency's two-way flexibility, it said in its third-quarter monetary policy implementation report.

  • Reuters3 months ago

    China's Huishan Dairy tells lawyers to ready for liquidation

    SHANGHAI/BEIJING (Reuters) - China Huishan Dairy Holdings Co Ltd , struggling under billions of dollars worth of debt, is preparing for provisional liquidation in a legal escalation of one of the most spectacular collapses of a Hong Kong-listed firm in recent years. The move comes as creditors in China and offshore jostle for position to get their money back from the firm, whose debts totalled at least 38 billion yuan (£4.3 billion) at the end of July, according to a work-out plan seen by Reuters. Hong Kong-based restructuring lawyers said the move by Huishan to file for provisional liquidation could actually help give it "breathing room" against creditors and in theory allow it more sway to choose an outside party to take on the role.

  • MoneyGram (MGI) Boosts Money Transfer in China Via PSBC
    Zacks4 months ago

    MoneyGram (MGI) Boosts Money Transfer in China Via PSBC

    The latest money transfer services by MoneyGram (MGI) via Postal Savings Bank of China's mobile app are likely to expand its reach in China.

  • Reuters4 months ago

    Foreign payment card firms not required JV setup in China - c.bank

    BEIJING/HONG KONG, Nov 8 (Reuters) - China does not require foreign payment card companies to establish joint ventures with local partners to operate in the onshore market, the country's central bank said Wednesday. Reuters reported on Tuesday that China was pressing foreign payment card companies to form local joint ventures for onshore operations, a move that would counter a pledge on market access that Beijing made to U.S. President Donald Trump.

  • Reuters4 months ago

    UPDATE 1-China's Oct FX reserves rise slightly in ninth month of gains

    China's foreign exchange reserves rose in October for a ninth straight month, but at a slower pace than market expectations, as tighter regulations and a stronger yuan continued to discourage capital outflows. Capital flight had been seen as a major risk for China at the start of the year, but a combination of tighter controls on money moving of China and a faltering dollar helped the yuan stage a strong turnaround, bolstering confidence in the economy.