03988 BANK OF CHINA
- 3.890
- -0.030-0.77%
BANK OF CHINA News
China mainland banking has continued to remain active and funds tend to buy China Construction Bank Corporation.
After a three-day drop of 197 points, ATFX Hong Kong stocks rebounded over 300 points this morning, breaking the 18,000-point mark. China mainland banking has remained active for two consecutive days, with China Construction Bank Corporation (00939) rising by over 3% in the early morning, and Industrial and Commercial Bank of China (01398) and Bank of China (03988) both rising by over 2%; China Merchants Bank (03968) rose by 3%, still receiving funding enthusiasm despite the overall decline in Hong Kong stock trading volume. On June 18th, southbound funds bought China Construction Bank Corporation with a net amount of HKD 550 million. Since the beginning of this month, northbound funds have re-invested in China mainland banking. The State Council will focus on the impact of the real estate sector on economic running and financial stability.
Northbound capital transactions: Net purchased 2.368 billion yuan. Domestic capital competing for Hong Kong stocks: Shareholding the Bank of China (03988) by nearly 600 million Hong Kong dollars.
On June 19th, in the Hong Kong stock market, the net buying of Beishui was 2.368 billion Hong Kong dollars, of which the net buying of Hong Kong Stock Connect (Shanghai) was 834 million Hong Kong dollars, and the net buying of Hong Kong Stock Connect (Shenzhen) was 1.534 billion Hong Kong dollars.
Trending Stocks Today: REMT Soars 47.61%
June 19th - Hong Kong stocks trending now:Gainers: $REMT(00601.HK)$ surges 47.61% to HK$0.12 with a turnover of HK$6.85 million. $PETROCHINA(00857.HK)$ inches up 4.93% to HK$7.65 with a turnover of HK
Express News | Refile-Bank of China: Issues $940 Mln Worth of Yuan- and Dollar-Denominated Bonds via Branches in Macau, Hungary, and Panama on June 18 (Corrects Spelling)
Bank stocks collectively rose, with Bank of Communications (03328) rising 3.68%. Institutions expect stable profits and dividend expectations for listed banks this year.
Jingu Finance News | Banking stocks collectively rose, Bank of Communications (03328) up 3.68%, Cm Bank (03968) up 3.63%, Postal Savings Bank of China (01658) up 3.26%, China Construction Bank Corporation (00939) up 3.03%, Agricultural Bank of China (01288) up 3.07%, Bank of China (03988) up 2.63%, Industrial and Commercial Bank of China (01398) up 2.73%. China International Capital Corporation stated that since the beginning of the year, with the decline in interest rates and the narrowing of interest rate spreads, the stock prices of banks have performed well. The bank believes that this is mainly due to the relative resilience of profits and the cost-effectiveness of dividends. Bank stock prices in June
Bank of China (03988) successfully issued the world's first batch of sustainable development bonds for the Belt and Road Initiative.
Bank of China (03988) announced that on June 18, it successfully issued the world's first batch of sustainable development bonds for jointly building the Belt and Road Initiative concept. The bonds were issued simultaneously by three overseas branches in Macao, Hungary, and Panama, with a total size of USD 940 million equivalent in USD and RMB currencies.
Northbound funds | northbound net buy-in of 3.78 billion, brilliance chi (01114) over-delivers dividends, stock price soars, then sold by domestic investors.
On June 17th, the Hong Kong stock market saw a net purchase of HKD 3.78 billion by northbound funds, of which the net purchase of Hong Kong stock connect (Shanghai) was HKD 1.833 billion, and the net purchase of Hong Kong stock connect (Shenzhen) was HKD 1.947 billion.
Bank of China (03988.HK): $800 million floating rate notes are scheduled to be listed on June 17th.
Bank of China (03988.HK) announced that Bank of China Limited Sydney Branch (the 'Issuer')'s $800 million floating rate notes due in 2027 is expected to be approved for listing and trading starting on June 17, 2024.
Bank of China (03988): The third period of domestic preferred stock will distribute dividends on June 27.
China Bank (03988) announced that the third phase of domestic preferred stocks (Shanghai Stock Exchange preferred stock code: 360033; preferred stock abbreviation: BOCpri3) will distribute dividends on June 27, 2024. According to the preferred stock dividend rate of 4.50%, each preferred stock will distribute cash dividends of RMB 4.50 yuan (pre-tax). Based on the issuance of 730 million shares of the third phase of domestic preferred stocks, the bank will distribute a total of RMB 3.285 billion (pre-tax) in cash dividends this time.
Announcement on Distribution of Dividends for Domestic Preference Shares (Third Tranche)
Bank of China received a shareholding of approximately 107 million shares from CITIC Securities Asset Management Co., Ltd., with a price of approximately HKD 3.69 per share.
According to the latest information from Hong Kong Stock Exchange, Citic Securities Asset Management Co., Ltd. increased its shareholding of Bank of China (03988) by 107.269 million shares on June 12th, at a price of HKD 3.6902 per share, with a total amount of about HKD 396 million. The latest number of shares held after the increase is about 5.89 billion shares, and the latest shareholding ratio is 7.04%.
Bank of China (03988.HK) received a shareholding of 107 million shares from CITIC SEC asset management.
According to the latest equity disclosure information from the Stock Exchange, on June 12th, 2024, Bank of China (03988.HK) gained a 7.04% shareholding in CITIC Securities Asset Management Co. by increasing its shareholding by approximately 107 million shares at an average price of HKD 3.6902 per share on the market, involving approximately HKD 396 million. After the shareholding increase, the latest number of shares held by CITIC Securities Asset Management Co. is 5,890,062,000 shares.
Interpretation: Southbound funds increase positions in Bank of China, China Construction Bank Corporation, and CNOOC.
Today, southbound funds bought a net of HKD 6.872 billion worth of Hong Kong stocks. Among them, Bank of China bought a net of HKD 412 million, China Construction Bank bought a net of HKD 344 million, CNOOC bought a net of HKD 340 million, Meituan bought a net of HKD 338 million, Semiconductor Manufacturing International Corporation bought a net of HKD 184 million, Tencent bought a net of HKD 163 million, and Wuxi Bio bought a net of HKD 125 million. According to statistics, southbound funds have been buying China Mobile for 9 consecutive days, totaling HKD 7.49803 billion; buying Semiconductor Manufacturing International Corporation for 5 consecutive days, totaling HKD 810.27 million; buying CNOOC for 4 consecutive days, totaling HKD 1.58003 billion.
Bank of China Likely to Benefit From Overseas, Wealth Management Businesses -- Market Talk
0805 GMT - Bank of China will likely continue to benefit from its overseas and wealth-management businesses, Morningstar analyst Iris Tan says in a research note. A delayed U.S. rate cut will benefit
China Bluechem (03983): Zhonghai Jiantao subscribed for 150 million yuan of structured deposit products.
China Bluechem (03983) announced that on June 7, 2024, China Bluechem Jian Tao (equity owned by the company...) will...
Bank of China (03988) will distribute a final dividend of HKD 2.364 per 10 shares on August 5th.
Bank of China (03988) announced that it will distribute a final dividend of 2 per 10 shares on August 5, 2024.
Express News | Bank of China Says Adjusts Service Arrangement With Pwc From Annual Audit Services to Interim Financial Report Review for 2024
Notice of 2023 Annual General Meeting
Northbound funds trend | Northbound funds had a net purchase of 3.607 billion, and domestic funds continued to buy China Mobile (00941) while selling Tracker Fund of Hong Kong (02800) for over 1 billion Hong Kong dollars.
On June 7, the Hong Kong stock market saw a net purchase of HKD 3.607 billion by northbound funds, including a net purchase of HKD 2.151 billion through the Shanghai-Hong Kong Stock Connect and a net purchase of HKD 1.457 billion through the Shenzhen-Hong Kong Stock Connect.
Huachuang Securities: Hong Kong stocks dividends become the fortress of overseas asset allocation under low interest rates.
Recently, southbound funds have been buying high-dividend stocks such as banks in large quantities. Referring to the experience in Japan, institutional funds in the low-interest-rate asset shortage situation are highly likely to globally allocate assets, making Hong Kong stocks a springboard for offshore asset allocation.
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