Bank of China
Company and Financial Services Company
HK, China shares fall; banking counters extend falls...lower by banks, as investors fretted about possible capital-raising plans among Chinese lenders and lacklustre U.S. economic data. Bank of China <3988. HK> and China Construction Bank <0939. HK> continued to fall in Hong Kong after... In this article: Bank of China, Hong Kong, U.S., Shanghai, China, Coal, Asia, and Haitong Securities |
-
Reuters | 2 hours ago
UPDATE 1-BOC, CCB shares extend losses on fundraising fears
...banks retreated in Hong Kong on Wednesday after possible capital-raising plans by lenders sparked fears of shareholder dilution. Bank of China <3988. HK> and China Construction Bank <0939. HK> had notified regulators that they were working...
In this article: China Construction Bank, Balance sheet, China, Hong Kong, and Reuters
-
National Post | 16 hours ago
China banks' rush for billions could trip markets
...now, but there may be such a need over the next two to three years, Citigroup said in a Nov. 19 report. Bank of China also said on Tuesday it is studying various ways to raise capital but has no plans for now to do so. "I think big banks...
In this article: Bank of China Ltd, China, China Construction Bank, Industrial Bank, Mitsubishi UFJ Financial Group, and Haitong Securities Co.
-
MarketWatch.com - MarketPulse | 20 hours ago
Bank of China mulls raising capital
HONG KONG (MarketWatch) -- Shares of Bank of China /quotes/comstock/22h!e:3988 (HK:3988 4.62, -0.19, -3.95%) /quotes/comstock/11i!bachy (BACH.Y 15.75, +0.74, +4.93%) ended 4% lower in Hong Kong on Tuesday amid reports the bank is studying...
In this article: Hong Kong, MarketWatch, and Reuters
-
HK, China shares slump; Bank of China falls
...profit after a recent rally, while concerns about capital-raising plans by lenders sparked fears of shareholder dilution. In Hong Kong, Bank of China <3988. HK> fell as much as 4.4 percent to a two-week low at HK$4.60 after the bank said it...
In this article: Shanghai, China, Hong Kong, US, Asia, and Haitong Securities
-
HK shares end down 1.53 pct; Bank of China slumps
...points at 22,423.14. The China Enterprises Index <. HSCE> of top locally listed mainland Chinese stocks fell 1.88 percent to 13,369.33. Bank of China <3988. HK> fell as much as 4.4 percent to a two-week low at HK$4.60 after the bank said it...
-
UPDATE 1-Bank of China studies capital-raising, but not now
...capital to come up with plans to strengthen their balance sheets or face a ban on further expansion. [ID:PEK263833] Bank of China said it met the CBRC's capital adequacy requirements, which it took very seriously. "According to the...
In this article: Beijing, Sustainable development, Balance sheet, and Hong Kong
-
Bank of China mulls capital-raising, but not now
...various ways to raise capital but has no plans for now to do so, the Beijing-based lender said on Tuesday. Reuters reported on Monday that Bank of China <601988. SS> <3988. HK> was already in talks with investment banks about a plan to raise...
-
UPDATE 2-China banks eye cash calls; Beijing denies new rules
Goldman Sachs <GS.N>, UBS <UBSN.VX> <UBS.N> and BOC International, the Hong Kong-based investment banking arm of Bank of China, handled Bank of China's Hong Kong listing in 2006. If successful, that would be the world's sixth-biggest fund...
In this article: Beijing, China Construction Bank, UBS, Hong Kong, China Investment Corp, and Bank of Communications
-
Bank of China eyes more cash, may need $15 bln-sources
Bank of China <601988. SS> <3988. HK> is in talks with investment banks to raise money to meet Beijing's new capital guidelines, sources familiar with the matter said on Monday, in what could be a roughly $15 billion fundraising effort.
-
FT.com - Lex | 7 days ago
Taiwan / China
...first quarter's contraction in output of more than 10 per cent was Taiwan's worst ever. Fingers crossed for ECFA. BACKGROUND NEWS Bank of China and Industrial & Commercial Bank of China are vying to be the first of the nation's lenders...
In this article: Taiwan, Beijing, Taipei, Industrial & Commercial Bank of China, and China
Trends
Loading...
More on Bank of China
Description from Wikipedia:
Bank of China Limited (BOC) (; often abbreviated as 中行) is one of the big four state-owned commercial banks of the People's Republic of China. Founded in 1912 to replace the Ta Ching Government Bank, it is the oldest bank in China. From its establishment until 1942, it issued banknotes on behalf of the Central Government along with the "Big Four" banks of the period: the Central Bank of China, Farmers Bank of China and Bank of Communications. Although it initially functioned as the Chinese central bank, in 1948 the People's Bank of China replaced it in that role. Subsequently, BOC became a purely commercial bank.
After the Chinese civil war ended in 1949, the Bank of China effectively split into two operations. Part of the bank relocated to Taiwan with the Kuomintang government. It was privatised in 1971 to become the International Commercial Bank of China (中國國際商業銀行). It has subsequently merged with the Taiwan Bank of Communications (Chiao Tung Bank, 交通銀行) to become the Mega International Commercial Bank (兆豐國際商業銀行). The Mainland operation is the current entity known as the Bank of China.
It is the second largest lender in China overall, and the 5th largest bank in the world by market capitalization value. Once 100% owned by the central government, via Central Huijin Investment and National Council for Social Security Fund (SSF), an IPO of its shares took place in June 2006, the free float is at present over 26%.
Although it is present in the above countries/territories, its operations outside China accounted for less than 4% of the activity of the bank by both profits and assets. Mainland China accounts for 60% of the bank by profits and 76% by assets as at December 2005.
- Name:
- Bank of China Limited
- Type:
- Joint stock company
- Location:
- Beijing, People's Republic of China
- Founded:
- 1912
- Industry:
- Banking
- Key People:
-
- Xiao Gang, Chairman
- Li Lihui, President
- Products:
- Financial services
- Revenue:
- RMB 180,669 million (2007)
- Net Income:
- RMB 56,229 million (2007)
- No. of Employees:
- 209,265
Explore everything named Bank of China...
