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  • November 28, 2014
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  1. Write-downs pull BOC earnings 59pc lower

    Posted Mar 25th 2009, 12:00am by Enoch Yiu

    ... said the lender's outlook was less optimistic than its rivals'. 'BOC has a lot of foreign currency denominated assets. The decline in valuation of other currencies against ...

  2. BOC buys 30pc of Swiss fund for 9m francs

    Posted Jul 30th 2008, 12:00am by Enoch Yiu

    ... million of assets, including US$179 million in China funds, according to the BOC statement. 'The acquisition was due to the Swiss company's experienced fund management talent pool, mature investment products and location in the private banking centre of Geneva,' BOC spokesman Wang Zhaowen said. 'The acquisition will pave the way for Bank of China to bring ...

  3. BOC makes corporate governance top 10 list

    Posted Nov 03rd 2006, 12:00am by Enoch Yiu

    ... Enoch Yiu Lender and Shenzhen Expressway are the first two mainland firms named BOC Hong Kong (Holdings) has been named for the first time as one of the top 10 locally listed companies ... and medium-sized computer chip designing firm Solomon Systech (International). 'It is particularly good to see BOC Hong Kong come out from the shadow of corporate governance scandal and turn itself ...

  4. US pension giant forms alliance with BOC

    Posted Mar 22nd 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu State Street Corp, the largest United States pension services manager, is to team up with Bank of China Group to offer retirement plan services in the mainland. The pioneering alliance will allow the pension giant to offer administrative and cus ...

  5. Business - Money - INSURANCE

    Yuan life insurance policies to remain popular in Hong Kong despite depreciation

    Posted May 19th 2014, 03:22am by Enoch Yiu

    ... players. BOC Group Life Assurance chief executive Terry Lo Kin-wing said half the new life insurance sales at his company still came from yuan policies during the first quarter, similar to Hong ... policyholders feel more comfortable about yuan policies, he said BOC Group Life would offer an exchange guarantee for those who bought the policies within the following month. The insurer would pay ...

  6. Business - Money - COURTS

    Tiger Asia must pay investors back HK$45 m

    Posted Dec 21st 2013, 01:24am by Enoch Yiu

    ... of Bank of China Limited (BOC) and of China Construction Bank Corporation (CCB) in December 2008 and January 2009 and manipulated the price of CCB shares in January 2009". The SFC started its legal action in 2009 against Tiger Asia, Hwang, Park and trader William Tomita, for insider trading and market manipulation in 2008 and 2009 before separate share-placement announcements by BOC ...

  7. Business - Companies - INSURANCE

    Privacy law hinders direct sales

    Posted Nov 14th 2013, 03:10am by Enoch Yiu

    ... on brokers and independent financial advisers to sell products. Choy Chung-foo, the chief executive of BOC Group Life, said there had been no big impact on sales or the company's business ...

  8. BOCHK hit by writedowns and settlements to minibond buyers

    Posted Mar 25th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan BOC Hong Kong (Holdings) is feeling the pain of the global financial crisis, with the city's second-largest banking group announcing HK$12.57 billion in writedowns and setting aside HK$769 million for settlements to minibond investors. The huge provisions led the bank to a loss of HK$3.74 billion in the second half of last year, the first interim ...

  9. Big banks leapfrog US rates rise

    Posted Nov 03rd 2005, 12:00am by Enoch Yiu, Sandy Li

    ... its rates by 0.25 percentage points. At HSBC, Hang Seng Bank and BOC (HK), depositors with balances above $150,000 will receive 2.25 per cent and those with $10,000 to $150,000 will receive 2 per cent. HSBC and Hang Seng Bank continue to pay no interest for deposits below $5,000 while BOC (HK) applies this to deposits below $3,000. The increase comes as the Hong Kong Monetary ...

  10. HKMA veteran may yet turn the tables on his boss Joseph Yam

    Posted Jun 07th 2005, 12:00am by Enoch Yiu

    ... the revaluation of the yuan and expand the scope of yuan business conducted by local lenders. card sings to star tunes While many credit cards offer restaurant discounts, free dishes or air miles, BOC ... Kong superstar from the 1980s still on stage. The latest BOC Credit Card offer follows sponsorship of shows by Sam Hui, Kelly Chen, Sally Yeh, Jenny Tseng and Ms Mui's last concert before ...




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