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...
Bank of China (BOC)<601988><3988>, the largest foreign exchange lender in China, may open a branch in Taiwan by the end of this year, a local newspaper reported.The lender is expected to be the first to set up a branch on the island, said the newspaper, adding that the legislature had held a meeting with BOC...
China's Central Huijin Investment Co Ltd, a wholly-owned subsidiary of China's US$200-billion sovereign wealth fund, is likely to keep its stake in Bank of China (BOC)<601988><3988>, the Standard reported. BOC on Tuesday announced that 171.33 billion of its A-shares, owned by Central Huijin, will become...
Bank of China (BOC)<601988><3988>, the largest foreign exchange lender in China, on Friday announced that it will issue RMB 40 billion worth of subordinated bonds on Jul. 6. The bonds include RMB 18 billion in ten-year fixed-rate subordinated bonds, RMB 18 billion in 15-year fixed-rate subordinated bonds and RMB 4 billion...
Bank of China (BOC)<601988><3988>, one of China's Big Four state-owned banks, announced on Thursday that a consortium led by the lender has signed an agreement with South Korea's Kia Motors Co to extend US$150 million in loans to the automaker's joint ventures (JV) in China, Dow Jones Newswires reported....
Bank of China (BOC)<601988><3988>, the largest foreign exchange lender in China, on Friday said that it will cooperate with China Development Bank (CDB) to provide financing support for China Minmetals Non-ferrous Metals Co Ltd's OZ Minerals deal, sources reported.BOC, which has experience in similar...
Industrial and Commercial Bank of China (ICBC)<601398><1398> and Bank of China (BOC)<601988><3988>, two of the Big Four state-owned lenders in China, have signed agreements to provide Singapore-listed CapitaLand, Southeast Asia's biggest developer, a RMB 25-billion credit line, according to a statement released by CapitaLand on Monday....
The Sichuan branch of Bank of China (BOC)<601988><3988>, one of the Big Four state-owned lenders in China, Wednesday signed a strategic cooperation with the Chengdu municipal government to provide RMB 30 billion in credit line over the next three years to small and medium-sized enterprises (SMEs) in Chengdu City...
The Shanghai branch of Bank of China (BOC)<601988><3988> on Thursday signed a comprehensive strategic cooperation agreement granting Shanghai Chengtou Corporation (Shanghai Chengtou), parent of Shanghai Chengtou Holding Co Ltd<600649>, a credit line of RMB 50 billion, sources reported....