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  1. Business - Banking & Finance - RESULTS

    Bank of China profit growth slows to 7.6pc in first six months

    Posted Aug 25th 2012, 12:00am by Lulu Chen

    ... Lulu Chen lulu.chen@scmp.com BOC blames weaker economy for slower earnings growth Bank of China, the mainland's fourth-largest lender by assets, said it would stem the slide in credit quality and boost fee income, after profit growth slowed sharply in the first half. Net profit rose 7.6 per cent to 71.6 billion yuan (HK$87.6 billion) in the first six months compared ...

  2. Business - Banking & Finance - BANKING

    Bank of China posts sharply lower profit growth

    Posted Aug 24th 2012, 12:00am by Lulu Chen

    ... that while BOC's results were in line with industry trends, an uptick in overdue loans and bad debt in Zhejiang province raised red flags. Total overdue loans, which are not yet classified ... aside in the year-earlier half. BOC's income from fee-based businesses, such as trade finance and services, dropped 2 per cent to 34.3 billion yuan in the first half, mainly because ...

  3. Business - Banking & Finance - EARNINGS

    BOC net profit rises 16.6pc to beat market forecasts

    Posted Oct 26th 2012, 12:00am by PHOENIX KWONG AND LULU CHEN

    ... Kwong Man-ki in Beijing and Lulu Chen Mainland bank posts profit of 34.8 billion yuan for quarter but analysts say slowing economy and tighter interest margins cloud prospects BOC net ... ago, but analysts say the slowing economy and tightening interest margins will weigh on earnings in coming quarters. Meanwhile, BOC Hong Kong (Holdings), the overseas arm of BOC, reported ...

  4. Business - Banking & Finance - BANKING

    BOC branches into private banking

    Posted Nov 08th 2012, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Bank of China branches into private banking, eyeing the one million individuals on the mainland with at least US$2 million to invest BOC seeks to woo wealthy customers While investment banks across the town are laying off staff, Bank of China (Hong Kong) is on a hiring spree for its newly launched private banking business. The lender, one of the largest ...

  5. Business - Banking & Finance - BANKING

    Investment agency Central Huijin increases stake in ICBC and BOC

    Posted Oct 10th 2012, 12:00am by Kwong Man-ki, Jeanny Yu

    ... Kwong Man-ki in Beijing and Jeanny Yu State investment agency's move on ICBC and BOC is seen as an attempt to stabilise shaky markets before next month's national congress Huijin boosts stakes in mainland banks Central Huijin, an investment agency of the central government, raised its stakes in mainland banks, including Industrial and Commercial Bank of China and Bank ...

  6. BOC profit soars to record but bad loans raise fears

    Posted Mar 30th 2012, 12:00am

    ... and Commercial Bank of China. BOC's non-performing loans in the fourth quarter rose 1.4 billion yuan. Analysts described it as a bad sign, predicting bad debts would continue to grow this year. ... that a big portion of the loans would turn sour this year as some of the projects would not be able to generate enough cash to pay back the debts. BOC said net interest margin was 2.33 per cent last ...

  7. BOC yuan trade centre boosts Shanghai hub hopes

    Posted Mar 21st 2012, 12:00am

    ... a global financial centre. BOC, one of the mainland's Big Four banks, would use the unit, which it describes as its second headquarters, to boost trading in bond, gold and money market products, it announced yesterday. Shanghai mayor Han Zheng hailed the opening as a milestone on the city's path to becoming a global financial hub. 'It is an important step the BOC took ...

  8. B.O.C. tipped to open Shanghai headquarters

    Posted Feb 22nd 2012, 12:00am

    ... George Chen george.chen@scmp.com The Bank of China, one of the country's Big Four state lenders, plans to set up a second headquarters in Shanghai next month, a move seen as bolstering the city's ambitions to become a global financial centre in ...

  9. Baosteel calls in BOC for yuan bond offer

    Posted Feb 21st 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com Baosteel Group, China's second-largest steel producer, has mandated Bank of China as lead manager and book-runner for a proposed yuan-denominated bond offering. The bonds were expected to be launched, subject to market cond ...

  10. BOC regains investor interest

    Posted Feb 07th 2012, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Shares of Bank of China hit a six-month high in Hong Kong yesterday as Beijing's decision to cut cash dividend payouts shored up investors' confidence in the mainland lender. The mainland's fourth-lar ...




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