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  1. BOC plans 3b yuan bond sale in HK

    Posted May 29th 2007, 12:00am by Staff Reporter

    ... and Hong Kong markets at the time of the flotation, BOC said. An analyst at a United States-based bank said mainland banks were interested in selling yuan bonds in Hong Kong because they wanted ... Development Bank could become the first such bond issuer in Hong Kong once the formal guidelines are issued by the central bank. BOC said its yuan bond sale plan in Hong Kong would be subject ...

  2. BOC sets aside US$322m more for subprime losses

    Posted Oct 31st 2007, 12:00am by Staff Reporter

    ... aside 1.1 billion yuan for subprime-backed collateralised debt obligations in the first half. Possibly reflecting a worsening subprime problem, BOC more than doubled to 2.4 billion yuan its ... subprime mortgages market, the group will closely monitor the future developments of the market,' its statement said. Meanwhile, BOC also set aside US$321 million directly ...

  3. Temasek eyes HK$4.4b from BOC share disposal

    Posted Nov 27th 2007, 12:00am by Staff Reporter

    ... the mainland lender's exposure to the subprime home-loan crisis. Temasek's unit Asia Financial Holdings has hired Morgan Stanley to arrange the sale of 1.082 billion BOC shares at between ... This will be the first sale of BOC shares by Temasek, which bought a 4.8 per cent stake at HK$2.95 per share during the lender's Hong Kong initial public offering in June last year. 'The transaction ...

  4. BOC earnings jump as lending rates increase

    Posted Apr 28th 2007, 12:00am by Andy Chen

    ... the People's Bank of China raised interest rates twice this year. Loans grew 6.54 per cent to 2.49 trillion yuan while deposits increased 5.14 per cent to 4.3 trillion yuan during the quarter. BOC, which benefited from higher earnings of its BOC Hong Kong (Holdings) unit, recorded a 64 per cent jump in net fee and commission income to 5.2 billion yuan in the first quarter. However, ...

  5. Investor seeks to unload HK$1.4b of BOC shares

    Posted Jan 23rd 2007, 12:00am by Staff Reporter

    ... shareholders based on that number of shares,' said one equity capital syndicate banker. BOC attracted a handful of foreign investors in the state-owned lender before it raised HK$75.4 billion in an initial public offering in Hong Kong in June last year. Temasek Holdings, a Singapore government investment arm, UBS and a consortium led by the Royal Bank of Scotland Group bought stakes in BOC ...

  6. BOC details huge Shenyang fraud

    Posted May 14th 2007, 12:00am by Ting Shi

    ... company to defraud the bank of more than 160 million yuan in loans. BOC spokesman Wang Zhaowen, who on Saturday said he had not heard of the case, yesterday gave a detailed account of how bank ... said the company had stolen 200 million yuan. BOC had taken 'resolute action' to deal with the case and successfully recovered 120 million yuan from Shiji Huarong, Mr Wang said, ...

  7. After BOC sale, Temasek offloads 280m CCB shares

    Posted Nov 29th 2007, 12:00am by Staff Reporter

    ... On Monday, Temasek sold about HK$4.4 billion worth of BOC shares. Ben Kwong Man-bun, the chief operating officer of KGI Asia, said Temasek might have taken profit and was reviewing its investment ...

  8. BOC Life aims to sign up more bank clients

    Posted Jun 25th 2007, 12:00am by Staff Reporter

    ... Maria Chan BOC Group Life Assurance, the life insurance arm of Bank of China (Hong Kong), aims to double the percentage of the bank's customers using its products in the next three to five years through a sales push. BOCHK acquired 51 per cent of BOC Group Life from its parent for HK$900 million last year as part of the bank's plan to strengthen its wealth management ...

  9. BOC plans first yuan bond sale in HK by commercial lender

    Posted Aug 30th 2007, 12:00am by Staff Reporter

    ... Maria Chan Bank of China, the mainland's second-largest lender, will next month sell three billion yuan in bonds, the first yuan-denominated issue by a commercial bank in Hong Kong, according to sources. The retail tranche of at least one billion yua ...

  10. Review peg, look at yuan links, says BOC(HK)

    Posted Jun 15th 2007, 12:00am by Danny Mok

    ... Danny Mok Authorities in Hong Kong should conduct a review of the mechanism that pegs the city's currency to the US dollar and explore ways to 'accommodate' the yuan's growing importance in the local economy, according to an internal r ...




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