Bank of China

The Bank of China is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world.

See below for the Latest Bank of China News, Analysis, Profit Results, Share Price Information, and Commentary. 

 

China's financial sector intensifies efforts to stabilise economy

The transformation of the monetary policy framework has also accelerated.

BOCHK reports 6.1% higher net operating profit for Q3

There were reportedly more business opportunities as tourism recovered.

BOCHK makes fully automated transactions of corporate remittances

BOCHK is the first Hong Kong commercial bank to connect to mBridge.

China’s big four banks face $100b shortfall in loss-absorbing capital

The banks have not yet met their required loss-absorbing capacity levels.

Higher deposits, wealth buoy BOCHK to 17.9% profit rise in H1

Interim dividend for the period is HK$0.57 per share.

Malaysia’s central bank fines Bank of China for unapproved system relocation

The bank reportedly failed to obtain approval before relocating the systems.

PwC loses Bank of China as client: report

Bank of China plans to appoint EY as its auditor for 2024.

BOCHK to conduct system maintenance on 4 August

Some services will be unavailable until 12NN.

Hong Kong banks ramped up hiring but investment bankers laid off

Trade and private bankers are most in demand, although banks are cautious.

APAC’s Top 20 banks' combined revenue up 4.3% in 2023

Japanese banks were the biggest winners whilst Chinese banks’ total revenue dipped.

Chinese banks dominant whilst Japan, South Korean banks’ assets falter

Australian and Singaporean banks’ assets remained steady, S&P’s study showed.

BOCHK warns against remittance phishing email

The email reportedly intends to steal customers’ data.

BOCHK warns against phishing website

The fake login page intends to steal customers’ data, BOCHK said.

Lower interest rates and property woes weigh on Bank of China’s profits

Net interest margin fell, although at a lower decline than other Chinese megabanks.

BOCHK's strong profits combats its property loan weakness

The bad loans ratio, whilst rising in 2023, is expected to fall to 0.7% in 2024-2025.