Summary by Moomoo AI
Bank of China Limited (“Bank of China” or “the Bank”) announced on 28 March 2024 the Capital Adequacy Report 2023. The report shows that the Board of Directors has reviewed the adoption of the report and disclosure as required by the Commercial Banking Capital Management Measures (Trial). As of 31 December 2023, the Bank of China's core tier one capital adequacy ratio was 11.63%, tier one capital adequacy ratio was 13.83% and the capital adequacy ratio was 17.74%, both above the national minimum standards. During the reporting period, the Bank of China successfully issued multiple asset-backed securities and held some securities in accordance with regulatory requirements. In addition, the Bank of China has optimized its risk management system and is consistent with risk management in its remuneration policy, implemented deferred payments for performance remuneration of key risk and risk management officers, and has a recovery and recovery system.