BACHY - Bank of China Limited

Other OTC - Other OTC Delayed Price. Currency in USD
10.20
+0.04 (+0.39%)
At close: 3:59PM EDT
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Previous Close10.16
Open10.23
Bid0.00 x 0
Ask0.00 x 0
Day's Range10.15 - 10.23
52 Week Range10.10 - 12.70
Volume54,230
Avg. Volume55,531
Market Cap157.615B
Beta (3Y Monthly)0.88
PE Ratio (TTM)4.53
EPS (TTM)2.25
Earnings DateN/A
Forward Dividend & Yield0.68 (6.60%)
Ex-Dividend Date2019-05-22
1y Target EstN/A
Trade prices are not sourced from all markets
  • Trump Says ‘It Doesn't Matter’ If Xi Agrees to Meeting at G-20
    Bloomberg4 days ago

    Trump Says ‘It Doesn't Matter’ If Xi Agrees to Meeting at G-20

    “If he shows up, good,” Trump told Fox News on Friday. “If he doesn’t -- in the meantime, we’re taking in billions of dollars a month.” He added: “Eventually, they’re going to make a deal, because they’re going to have to. Trump has repeatedly threatened to raise tariffs if Xi doesn’t meet with him at the G-20 leaders’ meeting June 28-29 in Osaka, Japan.

  • Currency Markets Expose a Crucial Flaw in Trump's China Tariffs
    Bloomberg4 days ago

    Currency Markets Expose a Crucial Flaw in Trump's China Tariffs

    It’s an inconvenient truth for the U.S. in its escalating trade war with the world’s only other economic superpower, and one that could complicate the president’s efforts to use tariffs as way to pressure America’s major trading partners into making concessions. After Trump raised tariffs on $200 billion of Chinese imports last month, the yuan quickly fell toward 7 per dollar -- a level not seen since the financial crisis. The drop effectively reduced the price of Chinese imports in dollars and has blunted the cost shock of higher tariffs.

  • What Foreign Firms Really Want From China's Financial Opening
    Bloomberg5 days ago

    What Foreign Firms Really Want From China's Financial Opening

    Economics Nobel Prize winner Paul Romer, Federal Deposit Insurance Corp.’s former Chair Sheila Bair, and Mizuho Financial Group Inc.’s Chairman Yasuhiro Sato are among speakers at the Lujiazui Forum on Friday. On the list of topics: How should China choose the path and pace of its financial opening?

  • China's Changing Inflation Keeps Swine Fever Infection at Bay
    Bloomberg6 days ago

    China's Changing Inflation Keeps Swine Fever Infection at Bay

    New research by Bloomberg Economics shows that the influence of food prices in general is declining, as the nation becomes wealthier and spends a greater share of income on other things. While the Consumer Price Index used to be jokingly called the ‘Consumer Pork Index,’ that’s less accurate these days.

  • China Sends Warning Signal to Yuan Bears Before G-20 Meeting
    Bloomberg6 days ago

    China Sends Warning Signal to Yuan Bears Before G-20 Meeting

    The People’s Bank of China set its daily reference rate for the currency at higher than market watchers expected for a 10th straight day on Wednesday, the longest run since September. The strong bias on Tuesday was the largest since Bloomberg began releasing fixing forecasts in August 2017. The central banks also announced plans to sell bonds in Hong Kong in June -- which would support the offshore rate.

  • Tour of China Shows a Nation Girding for Protracted Trade War
    Bloomberg6 days ago

    Tour of China Shows a Nation Girding for Protracted Trade War

    President Donald Trump is eager to crow about the economic weapon he wielded against Mexico to win concessions on immigration: “Tariffs are a great negotiating tool,” he declared Tuesday. Now, Trump says, it’s China’s turn to cower. Trump is seeking to increase pressure on Xi Jinping, his Chinese counterpart, before this month’s G-20 summit, but Trump may already have pushed too far.

  • Fed Dwarfed by Trump on Twitter as Central Banks Go Social
    Bloomberg7 days ago

    Fed Dwarfed by Trump on Twitter as Central Banks Go Social

    The Federal Reserve is being outgunned on Twitter by critic President Donald Trump even as it leads the way among central banks in embracing social media in a bid to better inform the public about its decision-making. The Fed has about 520,000 followers, and its New York district bank around 140,000, compared with Trump’s 61 million, according to a study published on Wednesday by research group OMFIF. The Fed’s most popular tweet ever only got 492 retweets, although the St. Louis Fed is the most active monetary authority worldwide with an average of almost nine tweets a day.

  • Trump Renews Fed Attack, Says Euro Is ‘Devalued’ Against Dollar
    Bloomberg7 days ago

    Trump Renews Fed Attack, Says Euro Is ‘Devalued’ Against Dollar

    “The Fed interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue!” Trump said on Twitter, renewing his complaints about the U.S. central bank a week before it meets in Washington to discuss monetary policy. Trump’s tweet on the euro appeared to have been prompted by a Bloomberg Opinion piece on Europe bracing for a summer of “overtourism,” to which the president linked as he refreshed his vexation over the dollar’s value against its rivals. Larry Kudlow, director of the White House National Economic Council, later said the president wasn’t trying to talk down the U.S. currency.

  • China Sets Yuan Fixing Stronger Than Expected in Sign of Defense
    Bloomberg7 days ago

    China Sets Yuan Fixing Stronger Than Expected in Sign of Defense

    The People’s Bank of China set its reference rate at 6.8930 per dollar Tuesday, 0.2% higher than traders’ and analysts’ average forecast of 6.9089. The strong bias in the daily fix -- which restricts the onshore yuan’s moves by 2% on either side -- is the largest since Bloomberg started releasing the survey estimates in August 2017. The central bank also said it plans to sell bills in Hong Kong later this month, a move that will drain liquidity and support the currency.

  • For China's Yuan, the Path Toward 7 Per Dollar Is Now Wide Open
    Bloomberg7 days ago

    For China's Yuan, the Path Toward 7 Per Dollar Is Now Wide Open

    China’s yuan may be entering the final leg of its journey toward 7 per dollar. Bearish technical signals and dovish comments from the People’s Bank of China are adding pressure to the currency, only weeks after yuan watchers speculated the central bank was helping limit depreciation. China’s currency became a barometer of stress for traders around the world in May, when tensions between the U.S. and China unexpectedly escalated.

  • Bloomberg8 days ago

    Trump Laments his Lack of China-Style Control of Fed Policy

    “The head of the Fed in China is President Xi,” Trump told CNBC television in a telephone interview Monday. The People’s Bank of China lacks the political independence of counterparts like the Fed, meaning Chinese President Xi Jinping and his colleagues must approve major PBOC decisions.

  • Kuroda Says BOJ Has Enough Ammunition, Wary of Side Effects
    Bloomberg8 days ago

    Kuroda Says BOJ Has Enough Ammunition, Wary of Side Effects

    The BOJ will ease further if momentum toward its 2% inflation target is lost, Kuroda said in an interview with Bloomberg TV’s Kathleen Hays in Fukuoka, Japan, where central bankers and finance chiefs from the Group of 20 met over the weekend. The governor emphasized that the BOJ doesn’t need to act now, citing the health of the economy. Kuroda’s comments come after Federal Reserve Chairman Jerome Powell signaled a willingness to act if the economy needs it, European Central Bank President Mario Draghi vowed to support growth and People’s Bank of China Governor Yi Gang told Bloomberg in a separate interview that he has "tremendous" policy options to stoke demand.

  • China Is Buying More and More Gold as the Trade War Drags On
    Bloomberg8 days ago

    China Is Buying More and More Gold as the Trade War Drags On

    The People’s Bank of China increased its bullion reserves to 61.61 million ounces in May from 61.10 million a month earlier, according to data released on Monday. The rise reflects the government’s “determined diversification” away from dollar assets, Argonaut Securities (Asia) Ltd. analyst Helen Lau said, adding that retail demand has also picked up. At this rate of accumulation, China could buy 150 tons in 2019, according to Lau.

  • China's Foreign Exchange Reserves Rise After April Dip
    Bloomberg8 days ago

    China's Foreign Exchange Reserves Rise After April Dip

    Key InsightsThe reading is slightly higher than the median estimate of $3.09 trillion in a Bloomberg survey of economists “There may be some forex outflow pressure - one piece of evidence was that the renminbi fixing rates came in significantly stronger than the forecasts over the past few weeks,” according to a note written by China International Capital Corp economists including Eva YiA worsening trade war and slowing Chinese economy caused a rapid sell-off in the yuan last month and pushed it to near a level not breached since the global financial crisis.

  • Come On, Join the Club! Central Banks Turn to Interest-Rate Cuts
    Bloomberg11 days ago

    Come On, Join the Club! Central Banks Turn to Interest-Rate Cuts

    A whirlwind of Federal Reserve speakers this week — including dueling tones from St. Louis Fed chief James Bullard and San Francisco Fed President Mary Daly — culminated in the Fed’s Nos. On the other side of the U.S. trade war is China. In an interview with Bloomberg, People’s Bank of China Governor Yi Gang said the central bank has ``tremendous’’ room to adjust monetary policy if needed.

  • Mnuchin to Meet China Central Bank Chief in Japan, Treasury Says
    Bloomberg13 days ago

    Mnuchin to Meet China Central Bank Chief in Japan, Treasury Says

    Mnuchin’s meeting with Yi Gang, the governor of the PBOC, will take place as the U.S. and China’s trade conflict becomes increasingly bitter after talks between the two countries broke down last month and President Donald Trump imposed further tariffs on Chinese goods. Both sides have blamed each other for the impasse, which will be a major theme for finance ministers and central bankers from the G-20 economies to discuss over the weekend in Fukuoka.

  • Bloomberg16 days ago

    South African Airways CEO Quits Over Lack of State Support

    The former Vodacom Group Ltd. executive was brought in about 18 months ago to lead a recovery at the airline, which has been unprofitable since 2011 and mired in mismanagement and corruption scandals. Finance Minister Tito Mboweni has made clear the government is reluctant to approve a further outlay, saying he favors shutting down the company.

  • China Factory Data Miss Raises Expectations of Policy Support
    Bloomberg18 days ago

    China Factory Data Miss Raises Expectations of Policy Support

    Stocks fluctuated before closing slightly lower and the yuan pared a drop as many observers interpreted weakness in the economy as a sign the government will roll out some stimulus. Data released Friday morning by the National Bureau of Statistics showed that China’s manufacturing purchasing managers’ index dropped to 49.4, worse than the 49.9 forecast in a Bloomberg survey of economists. Citic Securities Co. and Bank of America Merrill Lynch have already flagged the possibility that China could cut the reserve requirement ratio as liquidity tightens.

  • June Could Be the Cruelest Month for China’s Yuan
    Bloomberg19 days ago

    June Could Be the Cruelest Month for China’s Yuan

    Ahead of the G-20 summit on June 28, China’s top bureaucrats will have to decide if they have the stomach for austerity. The PBOC’s every move, from daily open-market operations to bad bank cleanups, will be watched carefully. If the central bank conducts large-scale liquidity injections to shore up the economy, it will push down onshore interest rates, weakening the yuan.

  • Sell Treasuries on Bet Market Wrong About Fed, Aberdeen Says
    Bloomberg19 days ago

    Sell Treasuries on Bet Market Wrong About Fed, Aberdeen Says

    The fund manager is shorting U.S. two- and five-year notes on expectations growth in the world’s biggest economy will remain robust, according to Adam McCabe, Singapore-based head of fixed-income for Asia and Australia. Aberdeen’s conviction comes even as Treasury 10-year yields have dropped to the lowest since 2017 and a key part of the yield curve has inverted, signaling the U.S. may be headed for a recession.

  • This $72 Billion Fund is Shorting the Dollar in a Contrarian Bet
    Bloomberg21 days ago

    This $72 Billion Fund is Shorting the Dollar in a Contrarian Bet

    The money manager, which oversees $72 billion, is banking on this view to short the greenback and buy some of the biggest casualties of the trade war, including the Australian dollar. Trump will be compelled to make peace with Beijing to protect the interests of American consumers. “The tariffs are essentially a tax on the U.S. consumer,” Richard Lawrence, a money manager at Brandywine Global, said in an interview in Singapore.

  • PBOC Adds Liquidity as Bank Seizure Ratchets Up Stress
    Bloomberg21 days ago

    PBOC Adds Liquidity as Bank Seizure Ratchets Up Stress

    China’s central bank injected a net amount of 150 billion yuan ($21.7 billion) through open-market operations on Monday and Tuesday, the most since the week ended March 8. Regulators announced Friday that they will take control of Baoshang Bank Co. citing “serious” credit risks, fueling worries of failures elsewhere and driving up funding costs. The benchmark 7-day repo rate rose further Tuesday to the highest in more than a month, in spite of the central bank’s efforts to calm interbank markets.

  • China’s Banking Cleanup Needs a Bigger Mop
    Bloomberg22 days ago

    China’s Banking Cleanup Needs a Bigger Mop

    It’s far from clear that regulators have the right supplies to finish the job. While a broader effort to rein in shadow-banking activity has been going on for several years, regulators haven’t assumed control of a bank in this way. In 2015 and 2016, they recapitalized lenders by injecting share capital while writing off or transferring troubled assets. To begin with, there’s the concern of direct contagion. Baoshang’s assets of 576 billion yuan ($84 billion) are a drop in the ocean for a banking system with about 270 trillion yuan of assets.

  • Why the Yuan Could Break 7 ... or 6 ... or 8
    Bloomberg22 days ago

    Why the Yuan Could Break 7 ... or 6 ... or 8

    China's currency will probably weaken beyond 7 per U.S. dollar because economic conditions warrant it and the policy response encourages it. Despite the parlor game among some market participants about the desire or ability of the People's Bank of China to keep the yuan above that level, it lacks long-term perspective: China’s growth is slowing and the exchange rate ultimately will reflect that. This cooling expansion reflects trends underway long before President Donald Trump took office.

  • China Regulator Downplays Trade War Impact, Warns on FX
    Bloomberg24 days ago

    China Regulator Downplays Trade War Impact, Warns on FX

    The U.S. escalation of trade tensions won’t solve any of its problems but will create volatility in global markets and hurt the world economy, according to China’s top financial regulator. Higher U.S. tariffs will have a “very limited” impact on China’s economy even if it raises levies to the maximum level, and would hurt the U.S. about as much, according to a speech by Guo Shuqing, head of China’s banking and insurance regulator, and delivered at a forum in Beijing by a spokesman for the agency Saturday. Guo, also the People’s Bank of China’s Party Secretary, is the highest-ranking financial official so far to publicly comment on the trade war since bilateral negotiations deteriorated earlier this month.