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  1. 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 ...

  2. Geared derivatives buck trend

    Posted Oct 21st 2011, 12:00am

    ... Amanda Lee amanda.lee@scmp.com While the Hong Kong stock market continues to yo-yo, business in exchange-traded derivative products has reached record high volumes as speculators load up on their bets. The Hang Seng Index has lost 19.65 per cent since the ...

  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. B.O.C. rules out new stock sale

    Posted Nov 08th 2011, 12:00am

    ... requirements that will be phased in between 2013 and 2019 under Basel III rules, a global regulatory standard on bank capital adequacy and liquidity. The list of the banks includes Bank of China (BOC), HSBC, Bank of America and Goldman Sachs. China's banking regulator has held Chinese lenders to relatively high standards in recent years, and BOC had sufficient capital to meet the tighter ...

  5. Corrections & clarifications

    Posted Nov 09th 2010, 12:00am by Staff Reporter

    ... The article 'BOC Aviation looking at HK yuan bonds for funds' on B3 yesterday should have said BOC Aviation will be taking US$200 million in equity from its parent this year, following an equity increase of US$100 million last year. The company raised S$45 million through a bond issuance in September. ...

  6. BOC to launch clearing services for yuan trade

    Posted Jul 06th 2009, 12:00am by Denise Tsang

    ... and Shanghai Banking Corp. The agreement, signed over the weekend, marked another step forward for the yuan trade settlement scheme, which will help make the currency more international. BOC said its ... the announcement of yuan trade settlement rules by the People's Bank of China that became effective on Friday. BOC's Hong Kong branch was mandated as the sole clearing bank in the city to handle ...

  7. BOC plans aggressive push in overseas financing

    Posted Feb 19th 2008, 12:00am by Staff Reporter

    ... good level,' BOC chairman Xiao Gang said yesterday, adding the bank was 'in a very good position to cash in on this situation' by expanding its financing operations overseas. Mr ... banks' domestic lending. As a way out, mainland commercial banks started reaching out globally to utilise their cash hoard, a move that only eased slightly as the global has economy slowed. BOC ...

  8. 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 ...

  9. BOC gains as concerns over more sell-offs ease

    Posted Jan 15th 2009, 12:00am by Staff Reporter

    ... to the belief that the risk of further major sell-offs was largely removed. BOC surged as much as 6.49 per cent in the morning after the share sale was completed quickly due to an overwhelming response ... Corp shares last week. BOC has dropped 13 per cent since the beginning of the year due to heavy short-selling activities as investors were widely expecting strategic investors would sell off ...

  10. BOC reports 31pc earnings jump despite US$1.3b in provisions

    Posted Mar 26th 2008, 12:00am by Staff Reporter

    ... stake in Bank Internasional Indonesia from Temasek Holdings. The bank proposed a final dividend of 10 fen per share. Shares of BOC traded in Hong Kong rose 7.28 per cent yesterday to close at HK$3.24. Separately, BOC said it planned to issue not more than 7 billion yuan-denominated bond in Hong Kong and the resolution had been approved by the board of directors. ...




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