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  • September 2, 2014
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  1. Six in plot remanded

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

    ... Chandra Wong Six people convicted of conspiracy to commit fraud with jailed Shanghai property tycoon Chau Ching-ngai over a HK$2.15 billion loan were remanded in custody yesterday pending sentencing this afternoon. District Court Judge Colin Mackintosh di ...

  2. Second BOC officer on minibond charges

    Posted Mar 02nd 2011, 12:00am by Austin Chiu

    ... Austin Chiu A Bank of China manager faced the District Court yesterday accused of misrepresenting Lehman Brothers minibonds to customers- two weeks after colleague Cheung Kwai-kwai was acquitted of similar charges. Tai Ching, 39, a senior personal financial services manager at BOC's Taikoo Shing branch, is accused of fraudulently or recklessly inducing two customers to invest ...

  3. BOC Aviation aims to double fleet size to 320

    Posted Nov 04th 2010, 12:00am by Charlotte So

    ... Charlotte So Buoyant demand from Asian carriers prompted BOC Aviation, the aircraft leasing arm of Bank of China, to go on an aggressive aircraft acquisition plan, which will see its fleet ... to double its aircraft numbers to 5,000 in five years, Robert Martin, BOC Aviation chief executive, said. The company yesterday announced it had struck a deal to buy 30 Airbus 320s from ...

  4. BOC Aviation warns of tightened credit for aircraft purchase

    Posted Jun 09th 2010, 12:00am by Charlotte So

    ... debt crisis. 'We have to watch the European banking system very carefully,' said Robert Martin of BOC Aviation. 'The sovereign bonds problem will have a knock-on effect ... those in Asia and Latin America, had been on a buying spree this year. BOC Aviation is taking delivery of 31 aircraft this year, all of which have been sold on through sales or leasing ...

  5. Analysts are divided on BOC's move into fast rail

    Posted Apr 02nd 2010, 12:00am by Toh Han Shih

    ... On March 30, BOC, one of China's Big Four state-owned banks, signed an agreement to invest up to six billion yuan for a 4.5 per cent stake in Beijing-Shanghai High Speed Railway, according to a Shanghai stock exchange announcement. This values the railway company at 132.2 billion yuan. BOC bought the stake from the China Railway Investment Corp, a Ministry of Railways company that owns 52 ...

  6. BOC looks more to yuan business

    Posted May 25th 2009, 12:00am by Staff Reporter

    ... of the yuan's appreciation since 2005 has deeply hit the value of our foreign currency-based assets. Our revenue and profit also underperformed the market, compared with other banks.' BOC ... of these assets, hurting BOC's profit. He said the bank would increase its exposure to the yuan and reduce its foreign bond investment. 'We will also provide loans based on foreign currencies ...

  7. BOC profit surges 41pc amid lending spree

    Posted Apr 28th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Bank of China, the nation's third-largest lender by market value, said first-quarter profit surged 41 per cent from a year ago on credit expansion and increases of fee services. Net earnings totalled 26.2 billion yuan (HK$29.7 billion), or 10 fen per share, in line with analysts' forecasts. The lender's subsidiary, BOC Hong Kong (Holdings), ...

  8. BOC Aviation expands fleet at bargain prices

    Posted Jun 15th 2009, 12:00am by Charlotte So

    ... Charlotte So BOC Aviation, the aircraft leasing arm of Bank of China, is taking advantage of the downturn in the airline industry and lower aircraft costs to rapidly expand its fleet while ... obtaining financing for aircraft acquisitions. This has left the field open for BOC Aviation to expand. 'I have been so surprised by the limited competition in the market since December,' ...

  9. BOC drops bid for 20pc stake in Rothschild

    Posted Apr 03rd 2009, 12:00am by Staff Reporter

    ... because the mainland lender failed to obtain the relevant clearances, BOC spokesman Wang Zhaowen said yesterday. Mr Wang said the bank would not extend the deadline and the plan for an investment had lapsed. However, he added that the two banks would continue to seek co-operation in private banking and other business areas. BOC's A shares edged up 0.86 per cent to close at 3.52 ...

  10. HK$18.4b stake sale ends RBS ties with BOC

    Posted Jan 14th 2009, 12:00am by Staff Reporter

    ... old BOC shares through partly owned RBS China at HK$1.68 to HK$1.71 per share, a sale document obtained by fund managers said. The price range is at a discount of as much as 9.19 per cent ... would reap a return of at least 48 per cent or HK$5.9 billion in disposal gains from the stake in BOC, which it acquired in August 2005, just 10 months before the mainland bank listed in Hong ...




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