BACHY - Bank of China Limited

Other OTC - Other OTC Delayed Price. Currency in USD
11.63
-0.09 (-0.77%)
At close: 3:59PM EDT
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Previous Close11.72
Open11.56
Bid0.00 x 0
Ask0.00 x 0
Day's Range11.56 - 11.64
52 Week Range10.10 - 13.84
Volume46,373
Avg. Volume59,148
Market Cap163.978B
Beta (3Y Monthly)0.90
PE Ratio (TTM)5.17
EPS (TTM)2.25
Earnings DateN/A
Forward Dividend & Yield0.67 (5.74%)
Ex-Dividend Date2018-07-03
1y Target EstN/A
Trade prices are not sourced from all markets
  • PBOC Braces for the ‘Last Mile’ in Interest Rates Overhaul
    Bloomberg3 hours ago

    PBOC Braces for the ‘Last Mile’ in Interest Rates Overhaul

    The goal is to reduce the number of tools that the People’s Bank of China relies on to control the price of money over the short-term, thereby boosting their effectiveness and lowering the cost of funding. Governor Yi Gang has lent his weight to the reform lately, monetary department director Sun Guofeng has called it “urgent”, and PBOC adviser Sheng Songcheng said it’s the “last mile” in an overhaul spanning two decades. While the rate that banks pay to borrow from each other has declined over the past year amid liquidity injections by the PBOC, the price of credit for small businesses and the private sector remains elevated.

  • Reuters4 days ago

    Bank of China unit fined $1.27 million in Hong Kong

    Hong Kong's securities regulator has fined a unit of Bank of China HK$10 million ($1.27 million) for failing to follow guidelines on sale of investment products. The Securities and Futures Commission (SFC) said that Bank of China International Securities failed to properly assess some of its clients' risk tolerance levels, or to ensure that its recommendations to clients were suitable. Rules governing the sale of investment products, and firms' compliance with them are a focus in Asia at the moment, following Australia's year-long inquiry into financial wrongdoing, which made a number of recommendations about how financial products should be marketed to consumers.

  • Three Buzzwords Point to a China Stocks Boom
    Bloomberg9 days ago

    Three Buzzwords Point to a China Stocks Boom

    The hint came with the reappearance of three buzzwords that had almost fallen out of the Beijing bureaucratic lexicon. In a Feb. 22 speech, President Xi Jinping resurrected “supply-side reform” in a call for restructuring of the financial sector. Six days later, the banking regulator’s chief risk officer used the phrase in elaborating on Xi’s plan. Beijing first used supply-side reform in 2015 to describe a drive to eliminate overcapacity by shutting factories and curbing coal-mining and steel output, as the government sought to combat deflation. This time around, the term denotes the process of weaning the economy off its dependence on bank loans by encouraging companies to raise money through the bond and stock markets.

  • Pound Falls as May Seen Failing to Get Brexit Votes: Inside G-10
    Bloomberg11 days ago

    Pound Falls as May Seen Failing to Get Brexit Votes: Inside G-10

    The pound fell for an eighth day, the longest-losing streak in 10 months, as reports circulated that Prime Minister Theresa May is losing support for her Brexit vote and possibly her own position.GBP/USD slid as much as 0.5% to 1.2949 after May failed to secure significant concessions from the European Union in the latest round of talks. The Prime Minister is facing increasing pressure to resign with just two cabinet ministers backing her, the Telegraph reported“We are now back in a situation where the inability to completely rule out a hard Brexit on March 29, and suggestions that the only way May can win support for her deal is if she commits to resign soon thereafter are having an unsettling effect on GBP," said Ray Attrill, head of foreign-exchange strategy at National Australia Bank Ltd. in SydneySpot desks in Asia sold GBP/USD to trigger large stop-loss and momentum sell stops layered under the Feb. 22 low of 1.2968, according to Asia-based FX traders.

  • Moody’s Seeks Control of China’s Biggest Rating Firm
    Bloomberg11 days ago

    Moody’s Seeks Control of China’s Biggest Rating Firm

    Moody’s has reached a framework agreement to increase its holding in Chengxin to more than 50 percent, from 30 percent, the people said. The companies have approached the People’s Bank of China for feedback on the plan, according to the people, who asked not to be identified as the information is private. Global rating firms are rushing to enter what will soon be the world’s second-largest bond market after the PBOC eased requirements last year.

  • China Credit Data Show Continued Recovery in First Two Months
    Bloomberg12 days ago

    China Credit Data Show Continued Recovery in First Two Months

    (Bloomberg) -- China’s credit growth slowed in February after a seasonal surge the previous month, with the net development in the first two months of the year signaling continued recovery in credit supply. Aggregate financing was 703 billion yuan ($105 billion) in February, the People’s Bank of China said Sunday, compared with an estimated 1.3 trillion yuan in a Bloomberg survey. Broad M2 money supply gained 8.0 percent, matching its slowest-ever expansion

  • China Looks to Brexit, EU as Templates for Cross-Border Finance
    Bloomberg15 days ago

    China Looks to Brexit, EU as Templates for Cross-Border Finance

    The future of the U.K. as a European financial services hub after Brexit is of interest as China seeks to develop a cross-border economic union of Hong Kong, Macau, and cities in Guangdong province, according to Xing Yujing, the head of the People’s Bank of China’s Shenzhen Central sub-branch. The vision “faces great challenges in addressing the enormous differences among the three customs systems, three currencies and three types of financial system," -- realizing the vision requires the smooth flow of goods, services, people and capital, Xing said Wednesday.

  • China's Double Edged Sword: How to Lure Cash But Keep Control
    Bloomberg15 days ago

    China's Double Edged Sword: How to Lure Cash But Keep Control

    The country’s years-long campaign to attract steady streams of foreign capital is now paying off, providing support for the yuan in the face of diminishing current-account surpluses. Wider inclusion of Chinese assets in global bond and equity indexes will offer China a fresh source of funding, the need for which was underlined Tuesday when the government widened its budget-deficit target and boosted plans for local-government debt issuance. Capital inflows will also cushion a shrinking current account surplus that the International Monetary Fund tips to fall further over coming years.

  • Moody's16 days ago

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

    Moody's Investors Service ("Moody's") have assigned an A1 rating to the proposed 3-year EUR-denominated fixed-rate senior unsecured notes to be issued by Bank of China Limited (BOC), Paris Branch. The notes will be issued under BOC's USD40 billion medium-term note (MTN) program. The notes' A1 rating and stable outlook are in line with BOC's long-term deposit rating and outlook, and reflect the structure of the proposed issuance.

  • The Reasons Why China's Stock Rally Is Nearing $1 Trillion
    Bloomberglast month

    The Reasons Why China's Stock Rally Is Nearing $1 Trillion

    The rally since January has added more than $893 billion to the value of the country’s equities, lifting Shenzhen’s risky startups and state-backed giants alike. The rebound has been so quick and widespread that it’s already triggered signs of overheating in four of China’s major benchmarks. The CSI 300 Index’s 15 percent rally is its best start to any year in a decade, and turnover across all exchanges is near the highest since March.

  • The U.S., Not China, Is the Real Currency Manipulator
    Bloomberglast month

    The U.S., Not China, Is the Real Currency Manipulator

    The U.S. is asking Beijing to keep the value of the yuan stable as part of trade negotiations between the world’s two largest economies, Saleha Mohsin and Katherine Greifeld of Bloomberg News reported. Washington fears that China could weaken its currency to counteract the effect of higher American tariffs on imports from the nation. Despite the trade conflict, the People’s Bank of China has effectively pegged the yuan to the dollar, loyally following the greenback’s cycle.

  • Reuterslast month

    Bank of China's $300 million loan to Sri Lanka faces delay - government officials

    A $300 million loan offered by Bank of China to Sri Lanka is facing delays, government officials familiar with the negotiation told Reuters. The Indian Ocean island nation, a key battleground in the tussle for influence in South Asia between China and traditional regional power India, was due to receive the loan before the end of January, but it is now unlikely to be finalised until later this month, according to four officials. Sri Lanka is seeking the loan, which it said could be raised to $1 billion by the end of March, as it struggles to repay foreign debts after a political crisis delayed the government's borrowing plan.

  • Should Bank of China Limited (HKG:3988) Be Part Of Your Dividend Portfolio?
    Simply Wall St.last month

    Should Bank of China Limited (HKG:3988) Be Part Of Your Dividend Portfolio?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! There is a lot to be liked Read More...

  • The Wall Street Journal2 months ago

    [$$] These Chinese Bonds Won’t Hold Their Sparkle Forever

    Diamonds are forever and so now, apparently, are Chinese bank bonds. Bank of China, the country’s fourth-largest bank, late last week issued a 40 billion yuan ($6 billion) perpetual bond, the first from a Chinese bank. This first issue followed some last-minute moves from Chinese regulators aimed at making buying bank perpetual bonds more attractive.

  • Risk Switch Just Flipped to `On' in China Stocks
    Bloomberg2 months ago

    Risk Switch Just Flipped to `On' in China Stocks

    A shift was inevitable, with the stock market still flagging after sinking into a bear market last year. Yi Huiman, chairman of Industrial and Commercial Bank of China Ltd., will succeed Liu Shiyu as chairman of the China Securities Regulatory Commission, the state-run Xinhua News Agency announced Saturday, confirming an earlier report by Bloomberg News. No CSRC chairman has lasted more than three years.

  • Exclusive: Sri Lanka says has $300 million loan offer from Bank of China, may increase to $1 billion
    Reuters2 months ago

    Exclusive: Sri Lanka says has $300 million loan offer from Bank of China, may increase to $1 billion

    Sri Lanka is considering an offer from Bank of China for a loan of $300 million (£234.7 million), which could be raised to $1 billion, to help it meet repayments in coming months, junior finance minister Eran Wickramaratne told Reuters on Tuesday. A series of credit rating downgrades amid a political crisis have made it harder for Sri Lanka to borrow as it faces record high repayments of $5.9 billion this year, $2.6 billion of which fall due in the first three months. "It's extremely difficult to tap the international market due to tight conditions and rating downgrades," said Wickramaratne, who is the state minister of finance.

  • Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua
    Reuters2 months ago

    Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua

    Bank of China's New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported on Sunday. Pledging to introduce more services for small and medium-sized enterprises engaged in cross-border trade between the United States and China, executives from the branch said payment in yuan would be possible by tapping new functions of e-MPay, a cross-border payment system launched by the branch in 2016. The branch is developing a system using an existing platform to "facilitate trade finance for e-commerce players," said Xu Chen, president and chief executive officer of Bank of China USA, Xinhua reported, without providing further details.

  • Reuters2 months ago

    Bank of China to enable payment in yuan on U.S. e-commerce platforms - Xinhua

    Bank of China's New York branch [BKCHNW.UL] will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported on Sunday. Pledging to introduce more services for small and medium-sized enterprises engaged in cross-border trade between the United States and China, executives from the branch said payment in yuan would be possible by tapping new functions of e-MPay, a cross-border payment system launched by the branch in 2016. The branch is developing a system using an existing platform to "facilitate trade finance for e-commerce players," said Xu Chen, president and chief executive officer of Bank of China USA, Xinhua reported, without providing further details.

  • Reuters2 months ago

    BRIEF-Jilin Province Huinan Changlong Bio-Pharmacy Co Says Subscribed For Wealth Management Product In Amount Of RMB100 Mln

    Jan 10 (Reuters) - Jilin Province Huinan Changlong Bio-pharmacy Co Ltd: * SUBSCRIBED FOR WEALTH MANAGEMENT PRODUCT FROM POSTAL SAVING BANK OF CHINA IN AMOUNT OF RMB100 MILLION Source text for Eikon: Further ...