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  1. 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 ...

  2. 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 ...

  3. 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 ...

  4. BOC debt proposal aims to lift capital

    Posted Jan 23rd 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu Bank of China proposes to issue up to 40 billion yuan (HK$45.45 billion) of A-share convertible bonds, paying up to 3 per cent, and to seek a general mandate to allow it to issue 20 per cent more new A shares and H shares. The issues will allow ...

  5. Huijin buys shares in ICBC, BOC and CCB

    Posted Sep 24th 2008, 12:00am by Carol Chan

    ... Its BOC stake rose to 67.4945 per cent from 64.4937 per cent, and it raised its CCB stake to 65.405 per cent from 65.4041 per cent. Huijin, which had said it would buy shares to shore up ...

  6. 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 ...

  7. BOC to take big hit on US home loans

    Posted Jan 21st 2008, 12:00am by Wang Xiangwei

    ... if it writes down the US$7.95 billion it holds in securities backed by loans to less-credit-worthy borrowers. In August, BOC surprised the markets by announcing it held US$9.65 billion ... dive in the fourth quarter, forcing leading US banks, including Citigroup and Merrill Lynch, to post record losses for the period. Banking analysts and sources said it was inevitable that BOC ...

  8. Exchange's approval lets BOC move ahead on IPO plan

    Posted Apr 28th 2006, 12:00am by Staff Reporter

    ... Fiona Lau and Bei Hu The Hong Kong stock exchange yesterday in principle approved the up to US$8 billion public share sale of Bank of China (BOC), the mainland's second-largest commercial lender. The decision freed BOC and its bankers to launch pre-marketing of the initial public offering next week to international institutional investors, market sources said. BOC plans ...

  9. BOC money-go-round may stall when the music stops

    Posted May 15th 2006, 12:00am by Tom Holland

    ... stock in a Chinese bank at what looks like the top of the market. On Friday, just one day into marketing the institutional tranche of BOC's offering, bankers were already claiming ... of the US dollar helped knock 1.4 per cent off the value of the Hang Seng index on Friday. With choppy trading conditions likely over the next two weeks in global markets, BOC's investment ...

  10. Deal halts rush for H shares by BOC owners

    Posted Mar 28th 2006, 12:00am by Staff Reporter

    ... Bei Hu State shareholders in Bank of China (BOC), the mainland's second-largest lender, have agreed to a political compromise not to convert their holdings into H shares upon the lender's planned US$7 billion Hong Kong public share sale in May. The decision could mean BOC's exclusion from the Hang Seng Index, which in turn would mean a smaller investor following until ...




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