Bank of China (BOC) announced Thursday its July-September net profit, which would be distributed to shareholders of the listed company, gained 18.83 percent to 21.1 billion yuan compared with the same period a year ago. The bank's net interest income in the third quarter rose 7.93 percent from th...
Bank of China Ltd<601988><3988>, the country's fourth-biggest bank by assets, on Oct. 21 raised its shareholding in China Botanic Development Holdings Ltd<2349> to 10.09% from the previous 3.06%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.HKEx said that BOC,...
Bank of China (BOC) announced Monday that Zhu Min, vice president of BOC has resigned because of a post transfer. The bank said that it received the resignation letter from Zhu on October 16. Previous media reports citing insiders said Zhu would be appointed vice president of the People's Bank o...
China's Central Huijin Investment Co Ltd, a wholly-owned subsidiary of China's sovereign wealth fund, China Investment Corp, recently raised its shareholding in Bank of China Ltd<601988><3988> to 67.5279% from the 67.5258% it held earlier, said the state-owned bank yesterday.BOC said in a statement...
U.S.-based financial holding company JPMorgan Chase & Co has again assigned a rating of "buy" for shares of BOC Hong Kong (Holdings) Ltd<2388>, the Hong Kong subsidiary of Bank of China<601988><3988>, and has set the target price at HK$18.1 per share, sources reported....
Bank of China<601988><3988>, the largest foreign exchange lender in China, on Tuesday signed a financing agreement with Beijing Capital International Airport Co Ltd<0694>, the country's largest airport operator, said BOC in a statement yesterday.Pursuant to the agreement, BOC will offer a credit line of up to...
BOC Hong Kong (Holdings) Ltd (BOCHK)<2388>, the Hong Kong subsidiary of Bank of China (BOC)<601988><3988>, announced Tuesday that it has successfully concluded the first cross-border RMB trade settlement transaction, the official Xinhua New Agency reported....
Singapore鈥檚 sovereign wealth fund Temasek is in talks with BOC International, the Hong Kong-based investment banking arm of Bank of China, to launch a $1 billion to $2 billion investment fund for infrastructure projects in China, sources said yesterday. Temasek and BOC will set up a joint ventu...
BOC International Holdings Ltd, a wholly-owned subsidiary of Bank of China (BOC)<601988><3988>, plans to set up an RMB-denominated private equity (PE) fund to raise up to RMB 1 billion, said sources familiar with the matter on Wednesday, Reuters reported.The new fund will focus its investment in the...
By Wang Xinyuan The Bank of China (BOC) will begin its yuan clearing and settlement service for banks participating in cross-border trade settlement in RMB, according to an announcement by the bank over the weekend. BOC, the largest foreign exchange bank in the country, announced on its official...