Bank Of China (601988) Stock Price, News, Quotes-Moomoo

601988 Bank Of China

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3.94 -0.05-1.25%

Market Closed 12/08 15:00 CST

4.00High3.91Low4.45MlotVolume

Intraday

About Bank Of China Company

The company is the bank that has been in business for the longest time in China. It was formally established in February 1912, and has successively carried out the functions of a central bank, an international exchange bank, and a bank specialized in international trade. Since 1949, it has been a bank specializing in national foreign exchange and foreign trade for a long time, unified management of national foreign exchange, and carried out international trade settlement, remittance, and other non-trade foreign exchange services. The company is a joint-stock commercial bank mainly engaged in absorbing RMB deposits and issuing short-, medium-, and long-term loans. The company is the fourth largest state-owned commercial bank in China, has the broadest network of overseas branches, and is in a leading position in business fields such as foreign exchange deposits and loans, international settlement, foreign exchange funds, and bank cards. Corporate honors: The Bank of China received two “A” annual assessment ratings from the State Administration of Foreign Exchange; the Bank of China won 5 awards including “Global Finance” and “ESG-Linked Loan Outstanding Leadership Award”; Bank of China won the “Global Trade and Finance” “Best Trade and Finance Bank in the Asia-Pacific Region” award; Bank of China received a “A” rating in the annual assessment ratings of the State Administration of Foreign Exchange; the Bank of China won the “Excellent Competitiveness Retail Bank” and “Excellent Competitiveness Mobile Banking” awards, etc. At the end of June, the Bank had a total of 532 overseas branches, covering 63 countries and regions around the world, including 43 “Belt and Road” countries. In June 2023, Bank of China Papua New Guinea Representative Office opened.

Revenue Breakdown

Product Currency:CNY

Stock NameRevenueRatio

Net interest income233.99B73.30%

Net income from fees and commissions46.38B14.53%

Other operating income19.15B6.00%

income from investment10.23B3.20%

Exchange gains and losses6.13B1.92%

Fair value change income3.33B1.04%

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News

Comments

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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601988 Bank Of China

About Bank Of China Company

Revenue Breakdown

Financial Indicators

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