Banking on bonds

Sunday, 12 August, 2012, 8:13am

Maria Chan

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Bank of China, the mainland's second-largest lender, said it had about one trillion yuan invested in yuan bonds that could benefit from a rebound in interest rates, a factor that would support double-digit earnings growth this year.

'I believe we can maintain double-digit profit growth this year,' said chairman Xiao Gang (left) with chief executive He Guangbei at yesterday's annual shareholder meeting of Bank of China (Hong Kong).