• Wed
  • Aug 27, 2014
  • Updated: 10:55pm

Banking on bonds

PUBLISHED : Thursday, 24 May, 2007, 12:00am
UPDATED : Thursday, 24 May, 2007, 12:00am

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).


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