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  1. Delay move on Euro-Asia

    Posted Sep 18th 2003, 12:00am by Staff Reporter

    ... provisional liquidators. The move was supported by Chiyu Banking Corp, a BOC Hong Kong (Holdings) subsidiary, which petitioned to have Euro-Asia wound up after Yang Bin, who controls Euro-Asia, ...

  2. British bank on verge of BOC deal

    Posted Apr 09th 2005, 12:00am by Staff Reporter

    ... to be in advanced talks to take a 15 to 20 per cent stake in Bank of China (BOC) in what will be the largest single foreign equity acquisition in the mainland's banking sector to date. Sources said ... sources yesterday said that Swiss giant UBS might invest up to US$300 million for 1 to 2 per cent of BOC, in an apparent attempt to clinch an underwriting mandate for a potential BOC initial ...

  3. BOC profits pick up as bad debt shrinks

    Posted Apr 19th 2005, 12:00am by Elaine Chan

    ... Elaine Chan in Beijing Bank of China (BOC), the country's biggest foreign-exchange bank, yesterday posted improved first-quarter earnings as its proportion of bad debt shrank. ... cent, down 0.42 percentage point from the beginning of the year. BOC is undergoing intensive reform as it prepares for an overseas listing. Officials declined to say whether they were close ...

  4. BOC adopts risk focus in lending

    Posted Jan 14th 2004, 12:00am by Christine Chan

    ... practices. According to BOC chairman and president Xiao Gang, the bank will use risk weightings of loan classes set by the Bank for International Settlements accord. Under existing guidelines, banks ... BOC would adopt a more scientific approach to determining loan default and loan loss ratios. He also said the bank would be more stringent in making provisions this year, a process ...

  5. BOC, Scottish bank near US$5b deal

    Posted Jul 27th 2005, 12:00am by Staff Reporter

    ... billion for as much as 15 per cent of Bank of China (BOC) in a deal that could set a record for the largest ever single foreign direct investment in the mainland. The two banks are understood to be close to an agreement after Zhu Min, a BOC assistant president with responsibility for restructuring and listing, visited RBS's Edinburgh headquarters last week. According to market ...

  6. BOC sues tycoon over Villa Pinada

    Posted Jul 01st 2003, 12:00am by Staff Reporter

    ... The Bank of China (BOC) yesterday filed a $261 million writ against property magnate Tai Kuen, the chairman of Gold-Face Holdings, in relation to the collapsed Villa Pinada luxury housing project in Tuen Mun. The High Court writ involves a loan owed by True Gold Investments Limited, which built the luxury estate and is a subsidiary of Gold-Face Holdings. True Gold is now ...

  7. BOC sells bad loans worth US$1.8b

    Posted Nov 11th 2003, 12:00am by Staff Reporter

    ... which were transferred from BOC Hong Kong (Holdings) to a Cayman Islands company in preparation for BOCHK's listing last year, according to sources close to the deal. The transfer was made ...

  8. BOC clean-up sees bad-debt ratio drop to 5.1pc

    Posted Oct 19th 2004, 12:00am by Staff Reporter

    ... Andrew K. Collier The Bank of China has slashed its bad debts by 68 per cent this year as it races to clean up its books before a listing next year. The bank said at a briefing yesterday that its ratio of non-performing loans had dropped to 5.16 per cent, ...

  9. Bailout sets up key banks for listing

    Posted Jan 07th 2004, 12:00am by Christine Chan

    ... foreign-exchange reserves and completed at the end of last year but announced only yesterday- into the Bank of China (BOC) and China Construction Bank (CCB) will substantially help in the clean-up of their historical bad loans, made when state banks were directed to lend as a matter of government policy. Spokesmen for both the BOC and CCB yesterday did not reveal how the fresh funds would be used. Each ...

  10. Recapitalisation of top banks nears

    Posted Sep 09th 2003, 12:00am by Christine Chan

    ... undercapitalised, the big four state banks - the Industrial and Commercial Bank of China (ICBC), Bank of China (BOC), China Construction Bank (CCB) and the Agricultural Bank of China (ABC) - need capital ...




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