BANK OF CHINA (03988) Stock Price, News, Quotes-Moomoo

03988 BANK OF CHINA

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2.780 -0.040-1.42%

Trading 12/11 13:25 CST

2.810High2.750Low172.58MVolume

Intraday

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.

Revenue Breakdown

Business Currency:CNY

Stock NameRevenueRatio

Personal financial business141.03B44.11%

Corporate financial business131.97B41.28%

Fund business25.95B8.12%

Other business11.43B3.57%

insurance9.78B3.06%

Investment banking3.83B1.20%

Offset-4.29B-1.34%

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News

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Spinee

12/07 16:47

Moody's Downgrades Rating Outlook on 8 CN Banks, BABA, TENCENT & Others to Negative

Moody’s Investors Service downgraded the credit rating outlook for eight Chinese banks to "Negative", including $ABC(01288.HK)$$BANK OF CHINA(03988.HK)$$CCB(00939.HK)$$ICBC(01398.HK)$$PSBC(01658.HK)$ , Agricultural Development Bank of China, China Development Bank, and Export-Import Bank of China. This decision aligned with Moody's recent downgrade of China's sovereign rating outlo...

Spinee

11/28 12:40

Here's what happened in China's markets last trade day (11/27):

1. China's CSI 300 Index to Include More Tech Firms
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...

102718588

11/21 18:54

$BANK OF CHINA(03988.HK)$
I bought at 2.900

Spinee

11/13 18:24

HSI Spikes 222 Pts on Techs & Financials

$Hang Seng Index(800000.HK)$ leaped 222 pts or 1.3% to close at 17,426. $Hang Seng China Enterprises Index(800100.HK)$ added 88 pts or 1.5% to close at 5,989. $Hang Seng TECH Index(800700.HK)$ hiked 88 pts or 2.3% to close at 3,981. Total market turnover for the whole day was $75.188 billion.
$BABA-SW(09988.HK)$ '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...

AlanYeo

11/09 18:01

DBS: Bank of China 3988 HK EQUITY | 601988 CH Equity – Buy Target Price HK$3.70 RMB4.10

The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure.
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)$

HSI Opens 68 pts Lower as HSBC Softens

Hong Kong stocks opened lower in the morning as more companies listed in the Hong Kong stock market released their quarterly results. At open, $Hang Seng Index(800000.HK)$ slid 68 points or 0.4% to 17,337. $Hang Seng China Enterprises Index(800100.HK)$ dropped 20 points or 0.4% to 5,939. $Hang Seng TECH Index(800700.HK)$ fell 25 points or 0.7% to 3,829.
$BOC HONG KONG(02388.HK)$ hiked 0.7% to $20.75 after its operating profit before impairment allowances surged 26% YoY in 1Q23 to 3Q...

AlanYeo

10/19 15:34

CIMB: Bank of China-A – Hold Target Price Rmb3.70

The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure.
CIMB: Bank of China-A – Hold Target Price Rmb3.70 - Alpha Edge Investing
$BANK OF CHINA(03988.HK)$$Bank Of China(601988.SH)$

Spinee

10/13 11:00

A faster pace of fiscal easing is evident in the ramp-up of issuance of local government special bonds, a key conduit to infrastructure capex. Issuance reached 100% of the annual quota by the end of Sept, with distribution of the proceeds to be completed by end-October.
$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)$

Moomoo AI

10/12 23:03

EPS growth may boost the share price long-term, supplemented by dividends. Positive market sentiment hints at business momentum.

Investing in Bank of China (HKG:3988) Five Years Ago Would Have Delivered You a 17% Gain

Spinee

10/12 11:52

Central Huijin’s modest yet symbolic investments reminiscent of its actions during the 2015 Chinese equity market turmoil, signifies the government’s desire to maintain market stability.
$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)$

Spinee: 恒指开盘上涨365点内地四大银行上涨

Spinee

10/12 10:15

HSI Opens 365 pts Higher; 4 Major CN Banks Rise

Hong Kong stocks opened higher in the morning after the Central Huijin Investment increased its holdings of the A-shares of the 4 major Chinese banks. $Hang Seng Index(800000.HK)$ opened 365 points or 2% higher at 18,258. $Hang Seng China Enterprises Index(800100.HK)$ opened 139 points or 2.3% higher at 6,272. $Hang Seng TECH Index(800700.HK)$ opened 86 points or 2.2% higher at 4,038.
Mainland bank stocks $CCB(00939.HK)$ and $ICBC(01398.HK)$ opened 3.2% an...

Clamb148

10/12 09:48

Time to exit

$CCB(00939.HK)$$BANK OF CHINA(03988.HK)$$ABC(01288.HK)$ Time to run? Govt's massive buy-in gives chances for fund houses & institutions to exit & dump. After the buy-in stops, majority of their shares will be under control of the states. How much can you choose to believe about the swaying of policies instead of the market force ?

Spinee

10/07 11:16

HKADR Projects HSI to Open Up 156 pts to 17,642 Next Mon

$TENCENT(00700.HK)$ │307.831│-0.85%
$HSBC HOLDINGS(00005.HK)$ │63.399│-2.13%
$BYD Company Limited(002594.SZ)$ │235.826│-0.86%
$GEELY AUTO(00175.HK)$ │9.025│-1.27%
$Ping An Insurance(601318.SH)$ │43.383│-0.88%
$BANK OF CHINA(03988.HK)$ │2.731│-0.04%

Spinee

09/05 14:05

BOC, Meituan Ink Agreement to Deepen Digital RMB Cooperation

$BANK OF CHINA(03988.HK)$announced on its official Weibo account that it has recently inked an agreement with $MEITUAN-W(03690.HK)$ to deepen their cooperation on digital RMB, at the 2023 China International Fair for Trade in Services.
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)$

Q2 earnings bounce up: Will China concepts stocks continue to rise?

AlanYeo

07/13 11:00

CIMB: China Banks – Bank of China, China Merchants Bank, Ping An Bank

The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure.
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)$

AlanYeo

07/12 10:14

DBS: <News Alert> China banking sector: Jun total social financing grew 9%, new increment above expectation

Spinee

06/28 17:49

HKD5.2B Southbound Trading Net Outflow from TRACKER FUND

There was HKD298.4 million, HKD91.5 million and HKD66.8 million Southbound Trading net inflow to TENCENT, $SMIC(00981.HK)$ and $MEITUAN-W(03690.HK)$ .
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...

Spinee

05/10 12:42

As for the rising interest rate, Yue pointed out that the current HK interest rate is close to that of the US, and the future trend is not only affected by the change of the US interest rate, but also depends on the local supply and demand such as the stock market and loan market. Yue expected that the interest rate in HK will continue to be at a high level, and believed that the risk of the European and US banking incidents is manageable due to the relatively small exposure.
$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)$

Spinee: 金管局余伟文透露4月份香港银行存款总额略有增加

Spinee

05/10 12:08

HKMA Eddie Yue Reveals Slight Increase in HK's Total Bank Deposits for Apr

Eddie Yue, the Chief Executive of HKMA, revealed at a Finance Committee meeting of the Legislative Council that the total deposits of the banking sector in Hong Kong have reversed the decline in March, recording an increase of about 0.9%, while HKD deposits rose by 1.2%.
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)$

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03988 BANK OF CHINA

About BANK OF CHINA Company

Revenue Breakdown

Financial Indicators

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