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  1. BOC (HK) earnings jump 50pc

    Posted Mar 23rd 2005, 12:00am by Staff Reporter

    ... YI HU Updated at 5.16pm: The Hong Kong-listed investment banking arm of the Bank of China, BOC Hong Kong (Holdings), on Wednesday reported net profit of $11.96 billion for the year to December, a 50.2 per cent rise from the $7.96 billion earned in 2003. BOC (HK) reported interest income of $15.68 billion for last year, a decline from the $17.76 billion recorded in 2003. ...

  2. Impact of subprime exposure eases on lenders

    Posted May 05th 2008, 12:00am by Staff Reporter

    ... of the year. 'For BOC, the subprime concern is subsiding,' said Kevin Chan, a banking analyst at Nomura. Analysts suggest the subprime losses will no longer pressure earnings for BOC because ... worry for BOC. Alt-A securities fall between prime and subprime. The mortgages were originally designed for borrowers with clean credit records, but have other issues that often meant ...


    Posted Nov 14th 2004, 12:00am by Staff Reporter

    ... About a year ago, a waiting list of more than 12 months for Guangzhou Honda's Accord and Fit sedans prompted BOC International to put an 'outperform'' recommendation ... sedan had exceeded supply since its launch in January. BOC had raised its earnings estimate for 2004 to $2.05 billion from $1.72 billion and its estimate for 2005 to $2.30 billion from $1.9 ...

  4. Beijing helps lenders cut bad debts

    Posted Jan 14th 2005, 12:00am by Staff Reporter

    ... at the country's 16 largest banks was accomplished only with the help of government-led transfers and sales of 540 billion yuan worth of problem loans on behalf of Bank of China (BOC), China Construction ... Service. According to yesterday's release by the China Banking Regulatory Commission, outstanding non-performing loans at the Big Four state banks- BOC, CCB, Agricultural Bank of China ...

  5. Angang profit jumps on soaring prices

    Posted Mar 17th 2005, 12:00am by Eric Ng

    ... grows. Shanghai Baosteel, the country's most profitable steelmaker, announced last week that net profit rose 35 per cent to 9.39 billion yuan last year. According to a research report by BOC ...

  6. ICBC bad loans well covered

    Posted Jul 14th 2005, 12:00am by Staff Reporter

    ... the December 2003 bailout of Bank of China (BOC) and China Construction Bank (CCB), in which each received US$22.5 billion, the central government opted for a smaller US$15 billion initial cash ... value. With the bulk of the bad loans removed, ICBC's loan-loss coverage ratio reached 100 per cent by the end of last month. By contrast, BOC and CCB received only 50 per cent of the face ...

  7. BOCHK surges after results spur analyst upgrades

    Posted Aug 29th 2009, 12:00am by Staff Reporter

    ... to HK$4.08 from HK$3.90. BOC reported a 2.51 per cent decline in net profit to 41.12 billion yuan for the first six months, partly reflecting a decrease in losses from impaired loans. ...

  8. In Brief

    Posted Nov 14th 2003, 12:00am by Staff Reporter

    ... for the first nine months of the year compared with a loss of $39.85 million in the same period last year. Turnover rose 10.26 per cent to $514.51 million. BOCHK appoints director BOC Hong Kong ...

  9. Bank of China plans to boost stake in HK unit

    Posted Apr 01st 2009, 12:00am by Staff Reporter

    ... Natalie Chiu In a rare move to revive investor confidence, Bank of China, which controls 65.77 per cent of BOC Hong Kong (Holdings) or BOCHK, said it would 'continually increase its shareholding' in the banking subsidiary on the secondary market. The nation's third-largest lender said this would be done in the coming 12 months and would depend on future share price movements. ...

  10. In Brief

    Posted Sep 18th 2008, 12:00am by Staff Reporter

    ... BOC bond issue draws 15.5b yuan from retail, institutional buyers Bank of China, the country's largest foreign exchange lender, has attracted 15.47 billion yuan worth of subscriptions ...




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