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601988 Bank Of China
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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
News
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
Bank of China (601988.SH): Issuance of 30 billion yuan of secondary capital bonds completed
Glonghui December 5 - Bank of China (601988.SH) announced that the 2022 Annual General Meeting of Shareholders held on June 30, 2023 deliberated and approved the Bank's proposal to issue no more than RMB 450 billion or equivalent foreign currency capital instruments. With the approval of relevant regulators, the Bank issued secondary capital bonds totaling RMB 30 billion (“current bonds”) in the national interbank bond market on December 1, 2023, and completed the issuance on December 5, 2023. The current bond includes two types. Type 1 is a 10-year fixed interest rate bond, and the issuance scale is 1
Comments
Moody's Downgrades Rating Outlook on 8 CN Banks, BABA, TENCENT & Others to Negative
Here's what happened in China's markets last trade day (11/27):
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...
I bought at 2.900
HSI Spikes 222 Pts on Techs & Financials
$BABA-SW(09988.HK$ '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
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$$Bank Of China(601988.SH$
HSI Opens 68 pts Lower as HSBC Softens
$BOC HONG KONG(02388.HK$ hiked 0.7% to $20.75 after its operating profit before impairment allowances surged 26% YoY in 1Q23 to 3Q...
CIMB: Bank of China-A – Hold Target Price Rmb3.70
CIMB: Bank of China-A – Hold Target Price Rmb3.70 - Alpha Edge Investing
$BANK OF CHINA(03988.HK$$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$$NASDAQ Golden Dragon China(.HXC.US$
HSI Opens 365 pts Higher; 4 Major CN Banks Rise
Mainland bank stocks $CCB(00939.HK$ and $ICBC(01398.HK$ opened 3.2% an...
Time to exit
HKADR Projects HSI to Open Up 156 pts to 17,642 Next Mon
$HSBC HOLDINGS(00005.HK$ │63.399│-2.13%
$BYD Company Limited(002594.SZ$ │235.826│-0.86%
$GEELY AUTO(00175.HK$ │9.025│-1.27%
$Ping An Insurance(601318.SH$ │43.383│-0.88%
$BANK OF CHINA(03988.HK$ │2.731│-0.04%
BOC, Meituan Ink Agreement to Deepen Digital RMB Cooperation
The collaboration targets to create more popular products and continuously improve the accessibility and convenience of financial services.
$Meituan Unsponsored ADR Class B RegS(MPNGY.US$$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
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$
HKD5.2B Southbound Trading Net Outflow from TRACKER FUND
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$$First Republic Bank(FRCB.US$
HKMA Eddie Yue Reveals Slight Increase in HK's Total Bank Deposits for Apr
Preliminary data for April showed that total deposits have also continued to record a slight increase.
$KraneShares CSI China Internet ETF(KWEB.US$$BANK OF CHINA(03988.HK$$HSBC HOLDINGS(00005.HK$$SSE Composite Index(800146.HK$$Hang Seng Index(800000.HK$$HKEX(00388.HK$
102877280 : it is for China to prove them wrong?