03988 BANK OF CHINAWatchlist
About BANK OF CHINA Company
The Bank of China is the bank that has been operating in China for the longest time. It was formally established in February 1912 and has successively performed the functions of a central bank, an international exchange bank, and a bank specialized in international trade. After 1949, as a national bank specializing in foreign exchange and foreign trade, it operated and managed the country's foreign exchange for a long time, and carried out international trade settlement, remittance and other non-trade foreign exchange services. It was restructured into a wholly state-owned commercial bank in 1994, providing a full range of financial services, and developed into a large-scale commercial bank that also operates in local and foreign currencies, has a complete range of businesses, and is strong in strength. It took the lead in successfully listing on the Hong Kong Stock Exchange and Shanghai Stock Exchange in 2006, becoming the first “A+H” listed bank in China. The Bank of China is the only official banking partner of the 2008 Beijing Summer Olympics and the 2022 Beijing Winter Olympics, and the only “Double Olympic Bank” in China. In 2011, the Bank of China became the first globally systemically important bank in an emerging economy. It has now been selected for 12 consecutive years, and its international status, competitiveness, and comprehensive strength rank among the world's largest banks. In 2021, the Bank of China prepared the Group's “14th Five-Year Plan” to identify positions and comparative advantages in the domestic cycle and the domestic and international dual cycle, focus on developing eight major types of finance, including technology finance, green finance, inclusive finance, cross-border finance, consumer finance, wealth finance, supply chain finance, and county finance, accelerate the construction of a strategic development pattern dominated by domestic commercial banks and global integration as the two wings, opening a new chapter in striving to build a world-class modern banking group. The Bank of China is the bank with the highest degree of globalization and integration in China. It has institutions in mainland China and 62 overseas countries and regions, and the Hong Kong and Macau branches of the Bank of China act as local banknote issuers. The Bank of China has a relatively complete global service network, forming a comprehensive service platform covering various fields such as investment banking, direct investment, securities, insurance, funds, aircraft leasing, asset management, financial technology, financial leasing, and financial leasing, providing customers with “one point access, global response, and integrated service” financial solutions. The Bank of China is a bank with a lofty sense of mission and responsibility. Looking at its development history over the past 111 years, the Bank of China has always been deeply attached to and dedicated to the nation, continuously striving for the country's prosperity, strength, and national rejuvenation for a hundred years; always rooted in the people, excellent service, and fulfilling the responsibility of finance for the people, enriching the people, benefiting the people, and convenience; always keeping the world in mind, openness and inclusiveness, mobilizing the two resources at home and abroad to serve the two-way interaction between China and the world; always following the rules, creating steadily, and developing in good faith. In the new journey of comprehensively building a modern socialist country, the Bank of China, as a large state-owned commercial bank, will adhere to Xi Jinping's ideology of socialism with Chinese characteristics in the new era as its guide, carry forward the fine tradition of “century-old stores” pursuing excellence, fully, accurately and comprehensively implement the new development concept, serve to construct a new development pattern, consciously assume the lofty mission of “integrating the world and benefiting society”, and carry out the values of “excellent service, steady creation, openness and inclusiveness, collaboration and win-win”, accelerate the construction of a world-class modern banking group with Chinese characteristics, help promote China's modernization High economic and social quality Development has made new and greater contributions to the comprehensive promotion of the great rejuvenation of the Chinese nation.
Weekend Highlights: The most important week of the end of the year is approaching! The Federal Reserve led the “Central Bank Super Week” How did the European and American PMI perform in December? “Trump of Argentina” was sworn in as president
For more global financial information, please move on to the 7×24 hour real-time financial news last week's market review and closing: US stocks rose for the sixth week in a row, the S&P index reached a new high of 4,600 points in the year, hit a new high in the year, and the top 20 US stock turnover on December 8: Tesla's seventh-largest shareholder urged it to respect labor rights on Friday, and popular Chinese stock stocks rose by more than 10%, Xiaopeng fell more than 5%, and New York Gold Futures fell by more than 41% on Friday, and US WTI crude oil fell 3.8% for the seventh week in a row, the European stock market closed, and the European stock market closed, and the stock index rose by more than 50% 1.09% macro
Hong Kong Stocks Falls on Chinese Bank Outlook Cuts, Weak Imports; YSB Jumps 18%
Hong Kong stocks fell on Thursday as sentiment soured over an outlook cut on Chinese banks and the slowdown of China's imports. The Hang Seng Index slid 0.7%, or 117.37 points, to close at 16,345.89.
Bank of China Issues Tier-2 Capital Bonds Worth 30 Billion Yuan
Bank of China (HKG:3988, SHA:601988) completed the issuance of tier-2 capital bonds worth 30 billion yuan in the Chinese interbank bond market. The bonds have two tranches. The first tranche is a 10-y
China's CSI 300 Index, akin to the S&P 500, is set to include more technology-related companies in its bi-annual review. This move reflects China's evolving economy driven by technological advancements. Chip industry leaders like Cambricon Technologies, Empyrean Technology, and Hygon Information Technology will be added, aiming to balance the index, currently skewed towards fina...
$BABA-SW(09988.HK)$ 's Taobao & Tmall, $JD-SW(09618.HK)$ , $KUAISHOU-W(01024.HK)$ and $BILIBILI-W(09626.HK)$ each chartered growth during the Double 11 shopping festival. $BABA-SW(09988.HK)$ added 1.3...
DBS: Bank of China 3988 HK EQUITY | 601988 CH Equity – Buy Target Price HK$3.70 RMB4.10 - Alpha Edge Investing
$BANK OF CHINA(03988.HK)$$Bank Of China(601988.SH)$
$BOC HONG KONG(02388.HK)$ hiked 0.7% to $20.75 after its operating profit before impairment allowances surged 26% YoY in 1Q23 to 3Q...
CIMB: Bank of China-A – Hold Target Price Rmb3.70 - Alpha Edge Investing
$BANK OF CHINA(03988.HK)$$Bank Of China(601988.SH)$
$KraneShares CSI China Internet ETF(KWEB.US)$$iShares MSCI China ETF(MCHI.US)$$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$$BANK OF CHINA(03988.HK)$
$Hang Seng Index(800000.HK)$$BANK OF CHINA(03988.HK)$$ABC(01288.HK)$$CM BANK(03968.HK)$$ICBC(01398.HK)$$NASDAQ Golden Dragon China(.HXC.US)$
Mainland bank stocks $CCB(00939.HK)$ and $ICBC(01398.HK)$ opened 3.2% an...
The collaboration targets to create more popular products and continuously improve the accessibility and convenience of financial services.
$Meituan Unsponsored ADR Class B RegS(MPNGY.US)$$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$$Global X Funds Global X Msci China Real Estate Etf(CHIR.US)$$Hang Seng H-Share Index ETF(02828.HK)$$Hang Seng Index(800000.HK)$
CIMB: China Banks – Bank of China, China Merchants Bank, Ping An Bank - Alpha Edge Investing
$BANK OF CHINA(03988.HK)$$Ping An Bank(000001.SZ)$$CM BANK(03968.HK)$
DBS: <News Alert> China banking sector: Jun total social financing grew 9%, new increment above expectation
DBS: China banking sector: Jun total social financing grew 9%, new increment above expectation - Alpha Edge Investing
$Ping An Bank(000001.SZ)$$CCB(00939.HK)$$CITIC BANK(00998.HK)$$ABC(01288.HK)$$ICBC(01398.HK)$$PSBC(01658.HK)$$BANKCOMM(03328.HK)$$CM BANK(03968.HK)$$BANK OF CHINA(03988.HK)$$China Merchants Bank(600036.SH)$$Agricultural Bank Of China(601288.SH)$$Bank Of Communications(601328.SH)$$Industrial And Commercial Bank Of China(601398.SH)$$Postal Savings Bank Of China(601658.SH)$$China Everbright Bank(601818.SH)$$China Construction Bank Corporation(601939.SH)$$Bank Of China(601988.SH)$$China CITIC Bank Corporation(601998.SH)$$CEB BANK(06818.HK)$
There was HKD5.2 billion, HKD2.1 billion and HKD349.7 million Southbound Trading net outflow from $TRACKER FUND OF HONG KONG(02800.HK)$ , $Hang Seng H-Share Index ETF(02828.HK)$ and $CHINA UNICOM(00762.HK)$ .
For $SH->HK Connect(GangGuTong.HK)$ , TENCENT was the most active stock with highest net inflow of...
$HSBC HOLDINGS(00005.HK)$$BANK OF CHINA(03988.HK)$$HKEX(00388.HK)$$SVB Financial(SIVBQ.US)$$Bank of America(BAC.US)$$First Republic Bank(FRCB.US)$
Preliminary data for April showed that total deposits have also continued to record a slight increase.
$KraneShares CSI China Internet ETF(KWEB.US)$$BANK OF CHINA(03988.HK)$$HSBC HOLDINGS(00005.HK)$$SSE Composite Index(800146.HK)$$Hang Seng Index(800000.HK)$$HKEX(00388.HK)$