Bank of China

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).