Summary by Moomoo AI
The Bank of China disclosed its Third Pillar Information Report for the first quarter of 2024, detailing key prudential regulatory indicators such as risk management, capital adequacy, leverage and liquidity coverage. As of 31 March 2024, the Bank of China's core Tier 1 capital adequacy ratio was 12.02%, Tier 1 capital adequacy ratio was 14.00%, and total capital adequacy was 18.52%, all in line with regulatory requirements, according to the report. The leverage ratio is 7.35%, higher than the minimum leverage requirement of 4.00%. The liquidity coverage rate is 136.90%, exceeding the regulatory minimum standard of 100%, indicating good liquidity. The report is prepared in accordance with the relevant regulations of the State Administration of Financial Supervision and is not in accordance with financial accounting standards, so some information cannot be directly compared with the same period financial statements. The Bank of China has established a thorough information disclosure governance framework to ensure the veracity and reliability of the disclosure information.