BACHY - Bank of China Limited

Other OTC - Other OTC Delayed Price. Currency in USD
11.77
-0.03 (-0.25%)
At close: 3:59PM EDT
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Previous Close11.80
Open11.77
Bid0.00 x 0
Ask0.00 x 0
Day's Range11.77 - 11.84
52 Week Range10.10 - 13.83
Volume37,757
Avg. Volume29,117
Market Cap168.922B
Beta (3Y Monthly)0.83
PE Ratio (TTM)5.23
EPS (TTM)2.25
Earnings DateN/A
Forward Dividend & Yield0.67 (5.96%)
Ex-Dividend Date2019-05-22
1y Target EstN/A
Trade prices are not sourced from all markets
  • Yuan Rises as China Sets Strong Fix, Xi Vows No Harmful Weakness
    Bloomberg57 minutes ago

    Yuan Rises as China Sets Strong Fix, Xi Vows No Harmful Weakness

    The advance came after the People’s Bank of China set its daily reference rate at a level which was stronger than all forecasts that 17 traders and analysts gave Bloomberg. The yuan has been part of the talks, amid U.S. concern over any potential depreciation in the currency, raising expectations the matter will be addressed in the final agreement.

  • Bloomberg1 hour ago

    China's Xi Signals Approval for Trump's Trade War Demands

    Xi spent a large portion of his speech Friday addressing Chinese domestic reforms, pledging to address state subsidies, protect intellectual property rights, allow foreign investment in more sectors and avoid competitive devaluation of the yuan. All four are issues the U.S. is addressing in trade talks with Beijing.

  • Reuters4 hours ago

    DIARY-Hong Kong corporate earnings week ahead

    April 26 (Reuters) - Diary of Hong Kong (.HSI) corporate earnings for the week ahead. HONG KONG EARNINGS Start Date Start Time RIC Company Event Name (GMT) 29-Apr-2019 AMC 601939.SS China Construction ...

  • China Injects Loans While Avoiding Broad Easing
    Bloomberg2 days ago

    China Injects Loans While Avoiding Broad Easing

    Key InsightsThe injection signals a calibrated approach to liquidity management, with the PBOC trying to keep money moving through the financial system while holding back market expectations for stronger easingThat’s partly because the economy is recovering, thanks to earlier stimulus that drove stronger-than-expected growth in March credit figures and last quarter’s GDP The funding is the PBOC’s second use of the targeted version of its Medium-term Lending Facility. What Analysts SayThe TMLF offering is “lower profile, more targeted" than cuts to reserve-requirement ratios, which could create bubbles in the stock market, said Lu Ting, chief China economist at Nomura International Ltd. in Hong Kong. “The chance of an RRR cut in the coming month is very small." “The PBOC’s tone has changed, which means the pace and scale of easing will moderate.

  • China’s Scariest Assets Are Hiding Under Your Bed
    Bloomberg3 days ago

    China’s Scariest Assets Are Hiding Under Your Bed

    This year, China has been opening up its municipal bond market, once the exclusive domain of banks, to retail investors. With a sweeping stimulus underway, there’s good incentive to do so: Someone has to buy the bonds to fund it. There’s also a tested model in the U.S., where households own roughly half of their local governments’ bonds. These assets are perceived as ultra-safe, even yawn-worthy. Surely China could emulate a similar system, or so the thinking goes.

  • What Should We Expect From Bank of China Limited's (HKG:3988) Earnings Over The Next Few Years?
    Simply Wall St.7 days ago

    What Should We Expect From Bank of China Limited's (HKG:3988) Earnings Over The Next Few Years?

    The most recent earnings update Bank of China Limited's (HKG:3988) released in December 2018 showed that the business benefited from a slight tailwind...

  • With Climate Losses Rising, Central Banks Push Greener Finance
    Bloomberg9 days ago

    With Climate Losses Rising, Central Banks Push Greener Finance

    The move led by the Bank of France, Bank of England and People’s Bank of China draws the group deeper into a controversial area of policy-making where they advocate funding for alternatives to fossil fuels. The U.S. Federal Reserve and Banco do Brasil were the most prominent institutions not involved in the initiative, reflecting doubt about climate science voiced by Presidents Donald Trump and Jair Bolsonaro.

  • China Borrowing Cost Rises to Four-Year High on Cash Demand
    Bloomberg9 days ago

    China Borrowing Cost Rises to Four-Year High on Cash Demand

    The overnight repurchase rate rose as much as 11 basis points to 3.0006 percent, the first time it’s reached that level since April 2015. It has jumped 35 basis points in three sessions, and is higher than the seven-day rate, which fell to 2.7905 percent. The People’s Bank of China rolled over about half of the funds coming due through one of longer-term policy tools Wednesday, while offering 160 billion yuan ($23.9 billion) of seven-day money via open market operations.

  • PBOC Emphasizes Monetary Control as Economic Outlook Brightens
    Bloomberg10 days ago

    PBOC Emphasizes Monetary Control as Economic Outlook Brightens

    China’s central bank shifted its tone on the economy, emphasizing that it will control excessive money supply amid signs of a recovery. The People’s Bank of China said it’ll keep good control of the money supply "floodgate" and not "flood" the economy with excessive liquidity, according to a statement released late Monday. China’s “economy has shown healthy development and economic growth is resilient," with improvement in both market expectations and financial support for the economy, according to the statement from the first-quarter meeting of the monetary policy committee, which was held on April 12.

  • Want to Find an Independent Central Bank? Try China
    Bloomberg10 days ago

    Want to Find an Independent Central Bank? Try China

    Donald Trump continued to hammer his Federal Reserve chairman over the weekend, even as European Central Bank President Mario Draghi worried aloud about the U.S. president’s Twitter assaults. National leaders from India to Turkey have exerted immense pressure to bend monetary policy more to their liking. Of course, no one pretends that the PBOC isn’t subservient to China’s Communist leaders.

  • China’s Credit Growth Surges Back, Signaling Firmer Recovery
    Bloomberg14 days ago

    China’s Credit Growth Surges Back, Signaling Firmer Recovery

    (Bloomberg) -- China’s credit growth exceeded all estimates in March after a slowdown during the Lunar New Year, signaling a further firming of the nascent economic recovery ahead.Aggregate financing was 2.86 trillion yuan ($426 billion) last month, compared with about 700 billion yuan in February, the People’s Bank of China said Friday. The median estimate was 1.85 trillion yuan in a Bloomberg survey.

  • China Exports Rebound After Holiday, Imports Warn of Fragility
    Bloomberg14 days ago

    China Exports Rebound After Holiday, Imports Warn of Fragility

    China’s more upbeat sales abroad are a tentative sign of resilience in the global economy amid further signs of trade tensions, though the data would have been heavily influenced by seasonal and price factors. The continued slump in imports though suggests a bumpy road ahead for the domestic economy as it seeks a rebound from a bruising few quarters. “We still expect the first quarter marks the low point with more stimulus to filter through,” said Patrick Bennett, head of macro strategy for Asia at Canadian Imperial Bank of Commerce in Hong Kong.

  • China Data Not Enough to Rescue Stocks From Worst Week of 2019
    Bloomberg14 days ago

    China Data Not Enough to Rescue Stocks From Worst Week of 2019

    A report showing exports rebounded in March provided only a brief boost to Chinese stocks on Friday. The Shanghai Composite Index had its worst week of the year, with analysts saying the government may want to contain the amount of leverage in the equity market. Traders based overseas joined in on the selling, dumping more than 14 billion yuan of mainland stocks in the six trading days through Friday.

  • How China Turned 350 Million Millennials Into Day Traders
    Bloomberg14 days ago

    How China Turned 350 Million Millennials Into Day Traders

    In recent years, China’s millennials have resorted to innovative financial products to accumulate wealth. Jack Ma’s Ant Financial Services Group, for instance, offers Yu’e Bao, a money-market fund, to anyone with a dollar to save. As the People’s Bank of China reverses course and re-opens liquidity taps, online money-market accounts are no longer a good option.

  • China Consumer Inflation Surge Seen as Unlikely to Shift PBOC
    Bloomberg15 days ago

    China Consumer Inflation Surge Seen as Unlikely to Shift PBOC

    China’s consumer prices surged on the back of temporary food supply factors, while factory inflation provided further evidence of a nascent economic recovery. The surge was mostly led by rising vegetable and pork prices, which drove the CPI up by more than half a percentage point, according to the National Bureau of Statistics. Core consumer prices, excluding food and energy, stayed flat at 1.8 percent, and factory inflation halted a dis-inflationary slide, gaining 0.4 percent.

  • IMF Says It's Dangerous for Politicians to Bash Central Banks
    Bloomberg15 days ago

    IMF Says It's Dangerous for Politicians to Bash Central Banks

    The International Monetary Fund warned of “dangerous” consequences for the U.S. economy if moves such as President Donald Trump’s calls for Federal Reserve interest-rate accommodation lead to monetary policy mistakes. “Undermining central-bank independence would be dangerous,” Tobias Adrian, director of the fund’s monetary and capital-markets department, said when asked about Trump’s recent criticism of the Fed. He spoke as the IMF’s spring meetings were getting under way in the U.S. capital. The central bank in the world’s largest economy "is set up as a very independent institution.

  • Moody's16 days ago

    Bank of China Limited, Luxembourg Branch -- Moody's assigns A1 rating to various senior unsecured notes to be issued by five branches of Bank of China; outlook stable

    Rating Action: Moody's assigns A1 rating to various senior unsecured notes to be issued by five branches of Bank of China; outlook stable. Global Credit Research- 10 Apr 2019. Hong Kong, April 10, 2019-- ...

  • China Is on a Big Gold-Buying Spree
    Bloomberg18 days ago

    China Is on a Big Gold-Buying Spree

    China’s on a bullion-buying spree as Asia’s top economy expanded its gold reserves for a fourth straight month, adding to investors’ optimism that central banks from around the world will press on with a drive to build up holdings. The People’s Bank of China raised reserves to 60.62 million ounces in March from 60.26 million a month earlier, according to data on its website on Sunday. China, the world’s top gold producer and consumer, is facing signs of a slowing economy, even as progress is being made in trade negotiations with the U.S. The latest data from the PBOC indicate that the country has resumed adding gold to its reserves at a steady pace, much like the period from mid-2015 to October 2016, when the country boosted holdings almost every month.

  • U.S.-China Trade Talks and Turkey Turmoil Dominate Emerging Markets
    Bloomberg18 days ago

    U.S.-China Trade Talks and Turkey Turmoil Dominate Emerging Markets

    (Bloomberg) -- Emerging-market stocks gained every day of last week as the outlook improved for global growth and the U.S. and China made progress in trade talks. The U.S. jobs report gave equities an extra fillip on Friday. Gains in the dollar offset the boost for developing-nation currencies, which eked out a small advance.

  • China’s FX Reserves Continue Moderate Gains on Valuation Effects
    Bloomberg19 days ago

    China’s FX Reserves Continue Moderate Gains on Valuation Effects

    Key InsightsThe reading compares with $3.09 trillion from the previous month and the median estimate of $3.09 trillion in a Bloomberg survey of economists“Rising prices of developed markets’ government bonds likely contributed to some positive valuation effect,” although weaker foreign currencies caused some loss to the value, according to Wang Tao, chief China economist at UBS Group AG.

  • Central Bankers Are Hitting the Pause Button
    Bloomberg22 days ago

    Central Bankers Are Hitting the Pause Button

    The Federal Reserve and fellow leading central banks are hitting the pause button when it comes to monetary policy. Faced with slowing global growth and inflation, policy makers are taking to the sidelines or even becoming dovish again. The Fed is signaling it won’t hike interest rates for a while if at all and the European Central Bank is lining up fresh stimulus in the form of fresh bank loans.

  • China Has a Problem With Fake Money: It Looks Too Real to Burn
    Bloomberg22 days ago

    China Has a Problem With Fake Money: It Looks Too Real to Burn

    On Friday, millions of Chinese will celebrate Qingming Festival, the tomb-sweeping holiday, holding memorials for deceased relatives. Part of the tradition involves burning fake money and paper models of goods in the belief that one’s ancestors will get to enjoy the real things in the afterlife.

  • U.S. Hails Progress in China Talks Amid Push to Close the Deal
    Bloomberg23 days ago

    U.S. Hails Progress in China Talks Amid Push to Close the Deal

    President Donald Trump’s top economic adviser touted progress in high-level talks with China, but cautioned that a final deal to end the trade war remains elusive as negotiations resumed in Washington. Negotiators are “making good headway,” White House economic adviser Larry Kudlow told reporters Wednesday in Washington. U.S. stocks rebounded following his remarks.

  • The Wild Beasts of Chinese Real Estate Are Growing Up
    Bloomberg23 days ago

    The Wild Beasts of Chinese Real Estate Are Growing Up

    China Vanke Co.’s goal for the next three years would be simply “to survive,” its chairman Yu Liang warned. This was a startling admission from one of the few investment-grade companies in the sector, acknowledging the severe squeeze from Beijing’s deleveraging campaign. Yu’s remark was timely. Shortly afterwards, the average yield for Asia’s dollar junk bonds, which is largely determined by Chinese property developers’ notes, soared. What a difference six months makes. Now real estate companies are thriving.